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The Australian Bureau of Statistics released its new motor vehicle sales data on Tuesday. New motor vehicle sales in Australia slid 2.5% in April, missing expectations for a 0.5% fall, after a 2.2% rise in March.
Sales of passenger vehicles declined 1.2% in April, sales of sports utility vehicles were down 2.6%, while sales of other vehicles plunged 4.8%.
On a yearly basis, new motor vehicle sales climbed 2.4% in April, after a 4.2% increase in February.
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