More Bad News for Australia

I'm bearish on Australia.  The latest auto sales news does not increase my confidence:

• Trend estimates: The May 2013 trend estimate (93 439) has decreased by 0.6% when compared with April 2013.
• Seasonally adjusted estimates: The May 2013 seasonally adjusted estimate (93 209) has increased by 27 units when compared with April 2013.

Moreover, the trend has been declining for six months.

Click the link to see the accompanying chart; it's not a pretty sight.