Automobile market analysis

Car sales plunge 14% in Nov amid weaker demand and festive spillover

by
Car sales plunge 14% in Nov amid weaker demand and festive spillover

Car sales fell 14% year-on year in November as buyers put off purchases after two years of heightened buying post the pandemic. Dealers said consumer demand for passenger vehicle is weaker than expected post the festive period and in the ongoing marriage season. While car sales had grown by 32% during the festive season in … Read more

Auto retails get a festive season boost, overall sales jump 32% year-on-year

by
Auto retails get a festive season boost, overall sales jump 32% year-on-year

Vehicle registration– a proxy for retail sales, rose 32% year-on-year in October as both Navratri and Diwali—the major festivals fell in the same month, the Federation of Automobile Dealers Associations (FADA) said in a statement on Thursday. Led by the two wheelers which saw the sales jump 36.34% to 20,65,095 units over the year ago … Read more