Australia new vehicle sales down 3.4 pct in January

Newswire

SYDNEY, Feb 22 (Reuters) - Sales of new vehicles in Australia fell 3.4 percent in January from December, reversing the previous month's rise, as a winding down of tax breaks for small businesses ended last year. Data from the Australian Bureau of Statistics on Monday showed that 86,636 vehicles were sold on a seasonally adjusted basis in January, down from December's 89,728 which was the highest since April 2008. Motor vehicle sales were up from a downwardly revised 3.1 percent in ...

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