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New Motor Vehicle Sales up by 3.0%

Monday, Jan 19 2015
The December 2014 seasonally adjusted estimate for total new motor vehicle sales has increased by 3.0% when compared with November 2014. This incline followed two consecutive months of fall
 
When comparing seasonally adjusted estimates for December 2014 with November 2014, all vehicle categories recorded an increase in sales. Other vehicles recorded the largest increase (6.5%) while sales for Passenger and Sports utility vehicles increased by 2.8% and 1.2% respectively.
 
Separate report on MI Inflation Expectations showed no change in December. December is normally a strong month for prices but this time a steep fall in petrol kept inflation restrained. The annual pace slowed sharply to 1.5%, from 2.2% in November. That was the lowest reading since July 2012.
 
Data did not have any major impact on the markets with Aussie currently being traded above 0.8220 level. Pair is likely to find support around 0.8150 and resistance above 0.8250 level. We can expect steadier rest of the session with US banks being closed in observance of Martin Luther King's Day.
 
More in this category: « Consumer Confidence rose more than expected Will euro head towards 1.10 handle? »

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