New Motor Vehicle Sales down by 1.5% in April

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Monday, May 18 2015

The April 2015 seasonally adjusted estimate for New Motor Vehicle Sales has decreased by 1.5% when compared with March 2015. When comparing seasonally adjusted estimates for April 2015 with March 2015 sales of Passenger and Other vehicles decreased by 8.3% and 0.6% respectively. Over the same period, Sports utility vehicles increased by 7.4%.

On the other hand, trend estimate (95 288) has increased by 0.5% when compared with March 2015. This was the highest April result on record. When comparing national trend estimates for April 2015 with March 2015, sales of Sports utility and Other vehicles increased by 1.9% and 0.1% respectively. Over the same period, Passenger vehicles decreased by 0.4%.

Aussie fell this morning and is currently being traded few points above 0.8020 level. Pair is likely to find support around 0.7950 area and resistance above 0.8080 level. There will be no major data releases in the rest of the session.

More in this category: « USD - Major events in the week ahead Euro lower in a quite Monday trade »

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