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Financial News: Australia New Motor Vehicle Sales Rise For Third

Australia New Motor Vehicle Sales Rise For Third Month

06/19/2017 - 00:16:00 (RTTNews)

(RTTNews) - The total number of new vehicle sales in Australia increased for the third straight month in May, data from the Australian Bureau of Statistics showed Monday.

New motor vehicle sales rose a seasonally adjusted 2.9 percent month-over-month in May, faster than the 0.6 percent gain in the prior month.

Sales for sports utility vehicles added 4.1 percent on month and passenger vehicle sales grew by 3.8 percent. Meanwhile, sales for other vehicles dropped 0.6 percent .

On a yearly basis, new vehicle sales climbed 4.9 percent in May.

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