Auto sales cool in December, but industry buoyed by overall performance in 2024
1 week ago

Auto sales cool in December, but industry buoyed by overall performance in 2024

Live Mint  

India’s automobile registrations accelerated by 9.1% in 2024 despite headwinds in the form of extreme weather, uneven monsoons and state elections, the Federation of Automobile Dealers Associations said. December, however, proved to be a disappointment, with overall retail sales declining 12.4% year-over-year to more than 1.7 million units as post-festive inventory build-up, delayed harvest payments, and weak consumer sentiment weighed on demand across segments, Fada said. Two-wheeler sales grew 10.8% in 2024 to over 18.9 million units, but the segment was constrained by financing challenges and rising competition from electric vehicles. December blues In December 2024, the two-wheeler segment saw a sharp 17.6% decline in retail sales to about 1.2 million units due to tight rural liquidity, low cash flow, and delayed payments for harvests. Passenger vehicles sales skidded about 2% to 2,93,465 units, as high post-festive inventory and limited new model launches prompted consumers to defer purchases to January.

Vehicles Commercial Vehicles Auto Sales 2024 Fada Units Mint Segment Retail Sales Strong Demand Vigneshwar  performance  units  2024  auto  vehicles  overall  sales  dealers  million  buoyed  strong  demand  twowheeler  cool  industry  segment

History of this topic

December auto sales skid 12%: FADA
1 week ago

December auto sales skid 12%: FADA

The Hindu  

Automobile retail sales in December slid 12% year-on-year and 45.26% month-on-month, according to retail data released by The Federation of Automobile Dealers Associations, indicating a demand crunch in a slowing economy. The 2W segment which suffered a substantial drop of 17.6% y-o-y and 54.2% m-o-m was impacted by delayed crop payments, halted government disbursements and typical year-end factors, FADA said …

Car sales saw steep drop despite big discounts, promotional offers in December 2024
1 week, 1 day ago

Car sales saw steep drop despite big discounts, promotional offers in December 2024

New Indian Express  

DELHI: Retail automobile sales saw a sharp decline of more than 45% in December 2024 compared to November 2024, despite steep discounts and numerous promotional offers. According to data from the Federation of Automobile Dealers Associations, total retail sales in December 2024 stood at 17,56,419 units, down from 32,08,719 units in November. While December typically sees lower sales as buyers …

Electric car sales hit a record high in 2024 but fall short of government target
1 week, 1 day ago

Electric car sales hit a record high in 2024 but fall short of government target

The Independent  

Sales of electric cars hit a new high in 2024, according to official figures from SMMT. “This is unsustainable and, with the 2025 market looking under even greater pressure, it is imperative we get an urgent resolution.” open image in gallery Mike Hawes, CEO of SMMT, is calling for a halving of VAT on EVs to boost demand This year …

Speeding ahead: Auto sector insights by Raja Venkatraman–6 January
1 week, 2 days ago

Speeding ahead: Auto sector insights by Raja Venkatraman–6 January

Live Mint  

The Indian auto sector has showcased an outstanding performance in 2024. With a record-breaking 26.1 million units sold, marking a 9% year-on-year growth, the sector's resilience and robust demand across various segments have brought it into the limelight. While the sudden revival has piqued interest in the trading and investing community once again, the auto sector's relative strength and its …

US new vehicle sales rose 2.7% last year as prices and interest rates dropped a little
1 week, 4 days ago

US new vehicle sales rose 2.7% last year as prices and interest rates dropped a little

Associated Press  

DETROIT — New vehicle sales in the U.S. rose 2.7% last year as prices and interest rates eased a bit, making SUVs, cars and trucks a little more affordable. Despite high sales prices that averaged more than $47,000, automakers sold just over 16 million vehicles in the U.S. last year, Motorintelligence.com said Friday. Electric vehicle sales rose 8.8% for the …

TVS Motor sales jump 7% in December to 3.2 lakh units
1 week, 5 days ago

TVS Motor sales jump 7% in December to 3.2 lakh units

Live Mint  

New Delhi, January 2 : TVS Motor Company recorded monthly sales of 321,687 units in December 2024 with a growth of 7 per cent as against 301,898 units in the same period last year, the company said in a statement on Thursday. TVS' total two-wheelers sales registered a growth of 8 per cent with sales increasing from 290,064 units in …

Car Sales Growth Slows To 5% In 2024, Marking Slowest Expansion In 4 Years
Trending News
1 week, 5 days ago

Car Sales Growth Slows To 5% In 2024, Marking Slowest Expansion In 4 Years

ABP News  

Car sales growth slowed to approximately 5 per cent in 2024, marking the slowest expansion rate in four years and highlighting the challenges faced by companies in urban markets. Early estimates indicate that the industry concluded 2024 with sales of around 43 lakh units, up from 41.1 lakh units in 2023, with SUVs accounting for 54 per cent of the …

Stocks to buy for long term: Maruti Suzuki, Hero MotoCorp among top auto sector stock picks for 2025 by Vinit Bolinjkar
2 weeks, 4 days ago

Stocks to buy for long term: Maruti Suzuki, Hero MotoCorp among top auto sector stock picks for 2025 by Vinit Bolinjkar

Live Mint  

The Indian automotive sector has emerged as a standout performer in 2024, with the Nifty Auto index delivering an impressive year-to-date rally of over 24%, significantly outpacing the benchmark Nifty 50, which recorded nearly 10% YTD returns. Two-Wheelers and Tractors: Rural Demand Driving Growth The two-wheeler segment clocked an impressive 18% YoY growth driven by a rural market recovery. Auto …

Passenger vehicle sales highest in Nov., up 4%, says SIAM
1 month ago

Passenger vehicle sales highest in Nov., up 4%, says SIAM

Deccan Chronicle  

Pune: Passenger vehicle dispatches from automakers to their dealers in India rose 4.1 per cent on year to 3.48 lakh units in November with demand momentum sustaining post festive period, Society of Indian Automobile Manufactures or SIAM said on Friday. He said passenger vehicles posted their highest ever sales of November in 2024 of 3.48 lakh units, with a growth …

Mint Explainer: Why the auto sector is not out of the woods
Trending News
1 month ago

Mint Explainer: Why the auto sector is not out of the woods

Live Mint  

Sales of small and mid-sized cars have long served as a barometer of middle-income consumption and economic health. Passenger car sales plummeted nearly 20% year-on-year in the July-September quarter, according to data from SIAM, while utility vehicles registered a 9% growth. Commercial vehicles faced a tougher quarter, with sales dropping 11% due to reduced government capital expenditure and sluggish market …

Mint Quick Edit | Car sales seem stuck in second gear
Trending News
1 month ago

Mint Quick Edit | Car sales seem stuck in second gear

Live Mint  

Close on the heels of a surprisingly weak gross domestic product growth reading, automobile sales data, seen as a an important indicator of economic activity in India, has spelt another round of disappointment. Retail sales of passenger vehicles in November fell 14% from a year earlier, according to data issued by the Federation of Automobile Dealers Associations on Monday. This …

Passenger vehicle sales slide in November as stock pile-up in showrooms persists
1 month ago

Passenger vehicle sales slide in November as stock pile-up in showrooms persists

Live Mint  

New Delhi: Retail sales of passenger vehicles fell 13.72% year-on-year in November, reflecting subdued post-festive demand and lingering inventory challenges, according to data released by the Federation of Automobile Dealers Associations on Monday. Overall retail sales of vehicles across categories rose more than 11% to 32,08,719 units in November, from 28,85,317 units a year ago, lifted by a near 16% …

Auto Retail Sales Up 11.21 PC in Nov on Robust 2-Wheeler Demand
Trending News
1 month ago

Auto Retail Sales Up 11.21 PC in Nov on Robust 2-Wheeler Demand

Deccan Chronicle  

Pune: Retail sales of automobiles in India jumped 11.21 per cent on year to 32,08,719 units in November, riding on robust two-wheeler demand, Federation of Automobile Dealers Associations or FADA said on Monday. Sales of two-wheelers soared 15.8 per cent to 26,15,953 units last month, as against 22,58,970 units in November 2023. FADA said the commercial vehicles sales also dropped …

Auto retail sales up 11.21 pc in Nov riding on two-wheeler demand: FADA
1 month ago

Auto retail sales up 11.21 pc in Nov riding on two-wheeler demand: FADA

Live Mint  

New Delhi, Dec 9 Retail sales of vehicles across categories in India grew by 11.21 per cent at 32,08,719 units in November, as compared to 28,85,317 units in the same month last year riding on two-wheeler demand, Federation of Automobile Dealers Associations said in Monday. Retail sales of two-wheelers were at 26,15,953 units last month, as compared to 22,58,970 units …

Brisk year of vehicle sales shows no sign of stopping
Top News
1 month ago

Brisk year of vehicle sales shows no sign of stopping

China Daily  

By CAO YINGYING | China Daily | Updated: 2024-12-09 10:22 Chinese new energy vehicle startup Leapmotor showcases its models at the 2024 Guangzhou auto show in November. Its sales in the first 11 months totaled 3.53 million units, down 19.48 percent year-on-year, reaching 64.77 percent of its annual sales target. Great Wall Motor sold 127,400 vehicles last month, up 3.7 …

Brisk year of vehicle sales shows no sign of stopping
Top News
1 month ago

Brisk year of vehicle sales shows no sign of stopping

China Daily  

By CAO YINGYING | China Daily | Updated: 2024-12-09 10:22 Chinese new energy vehicle startup Leapmotor showcases its models at the 2024 Guangzhou auto show in November. Its sales in the first 11 months totaled 3.53 million units, down 19.48 percent year-on-year, reaching 64.77 percent of its annual sales target. Great Wall Motor sold 127,400 vehicles last month, up 3.7 …

Brisk year of vehicle sales shows no sign of stopping
Top News
1 month ago

Brisk year of vehicle sales shows no sign of stopping

China Daily  

Chinese auto brands face mixed prospects as competition in the industry intensifies As year-end approaches, China's automotive market is thriving, with domestic automakers reporting a strong performance in November and foreseeing fiercer competition to propel deliveries to new heights in December. Its sales in the first 11 months totaled 3.53 million units, down 19.48 percent year-on-year, reaching 64.77 percent of …

Electric vehicles made up a QUARTER of new car sales in November but still fall short of Government targets despite £4bn worth of discounting
Trending News
1 month, 1 week ago

Electric vehicles made up a QUARTER of new car sales in November but still fall short of Government targets despite £4bn worth of discounting

Daily Mail  

Electric vehicles accounted for more than a quarter of all new cars bought in the UK last month but demand is being propped up by 'unsustainable' manufacturer discounts, the trade body has warned. New car sales in the UK declined by 1.9 per cent in November, with 153,610 motors joining the road, latest figures from the Society of Manufacturers and …

After the festive boost, passenger vehicle sales hit the skids in November
1 month, 1 week ago

After the festive boost, passenger vehicle sales hit the skids in November

Live Mint  

Passenger vehicle sales, which have been struggling to maintain momentum throughout 2024, experienced yet another setback in November following the festive season-led surge, according to a Mint analysis of vehicle-registration data from the ministry of road transport and highways’ Vahan portal. "Weak demand conditions continue, with high discounts persisting even after the festive season sales and inventory reduction," noted a …

Vehicle retail sales rise 12 per cent to 43 lakh units during 42-day festive demand
1 month, 4 weeks ago

Vehicle retail sales rise 12 per cent to 43 lakh units during 42-day festive demand

Deccan Chronicle  

Pune: The total vehicle retail sales during the 42-day festive period this year jumped 12 per cent, reaching 42.88 lakh units as against 38.37 lakh units last year, the Federation of Automobile Dealers Associations or FADA said on Friday. "We witnessed a remarkable surge in numbers since the beginning of Navratri, nearly hitting our forecasted target with vehicles registered during …

45 lakh target missed, but new record set as 42.88 lakh vehicles sold in festive period
2 months ago

45 lakh target missed, but new record set as 42.88 lakh vehicles sold in festive period

India Today  

The 42-day festive period in India, from October 3 till November 13, witnessed record retail sales of more than 42 lakh units driven by strong demand in the two-wheeler and passenger vehicle segments. The total vehicle sales, including those of two-wheelers, three-wheelers, commercial vehicles, passenger vehicles and tractors, jumped 11.8% at 42.88 lakh units in the 2024 festive period from …

Passenger vehicle, two-wheeler sales hit new high in October: Siam
2 months ago

Passenger vehicle, two-wheeler sales hit new high in October: Siam

Deccan Chronicle  

Pune: Both passenger vehicles and two-wheelers wholesales hit a new high in October, driven by strong festive season demand, the Society of Indian Automobile Manufacturers SIAM data on Wednesday revealed. While passenger vehicle sales stood at 3,93,238 units, up 0.9 per cent from 3,89,714 units, the best ever in the month, SIAM said. Passenger Vehicles posted its highest ever sales …

Wholesale passenger vehicle sales grow marginally in October despite festival demand
2 months ago

Wholesale passenger vehicle sales grow marginally in October despite festival demand

Live Mint  

Mumbai: India’s wholesale passenger vehicle sales grew marginally year-on-year to 3.93 lakh units in October despite two major festivals celebrated during the month. According to data released by the Society of Indian Automobile Manufacturers on Wednesday passenger vehicle sales grew 0.9% in October 2024, compared to the same period last year. Passenger vehicle sales grew 10% sequentially from the 3.57 …

‘Middle-aged’ electric cars ‘flying off forecourts’
Trending News
2 months, 1 week ago

‘Middle-aged’ electric cars ‘flying off forecourts’

The Telegraph  

Second-hand car sales are climbing as cash-strapped consumers shun the new vehicle market. However, EVs still made up only 2.7pc of the market, with more traditional petrol and diesel cars still accounting for 91.7pc combined. The top five used cars sold were the Ford Fiesta, the Vauxhall Corsa, the Volkswagen Golf, the Ford Focus and the Mini. The continued rise …

Retail car sales jump 32% in Oct, inventory levels remain high
2 months, 1 week ago

Retail car sales jump 32% in Oct, inventory levels remain high

Deccan Chronicle  

Pune: Retail car sales in India jumped 32.4 per cent in October, boosted by festive demand, especially for sports utility vehicles, as well as new model launches and heavy discount offers, but inventory levels remained high, the Federation of Automobile Dealers Association or FADA said on Wednesday. It said car dealers’ sales to customers rose to 4,83,159 units in the …

Sales of new cars slump as drivers shun electric and diesel vehicles
Trending News
2 months, 1 week ago

Sales of new cars slump as drivers shun electric and diesel vehicles

Daily Mail  

Sales of new cars fell by 6 per cent last month. Industry body the Society of Motor Manufacturers and Traders said 144,288 new cars were registered in October. Industry body, the Society of Motor Manufacturers and Traders said 144,288 new cars were registered in October. SMMT chief executive Mike Hawes said: ‘Massive manufacturer investment in model choice and market support …

Lower-priced new cars are gaining popularity, and not just for cash-poor buyers
2 months, 3 weeks ago

Lower-priced new cars are gaining popularity, and not just for cash-poor buyers

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. With buyers confronting inflated prices and still-high loan rates, …

Bajaj sold over 4 lakh two-wheelers in September, domestic sales rise
3 months, 2 weeks ago

Bajaj sold over 4 lakh two-wheelers in September, domestic sales rise

Hindustan Times  

Bajaj Auto has reported a significant rise in the sales of its two-wheelers for September 2024, with domestic sales increasing by 28 per cent year-on-year. Bajaj Auto's strong market performance in September 2024 highlights significant growth in two-wheeler and commercial vehicle sales, driven by domestic and export demand. The overall sales of Bajaj's commercial vehicles, including both domestic and export …

Auto sales rise 14% in July, historic high inventory level causes concern: FADA
5 months, 1 week ago

Auto sales rise 14% in July, historic high inventory level causes concern: FADA

The Hindu  

The Indian auto retail sector witnessed a double digit growth of 13.84% Year on Year in July 2024 backed by a robust 17.17% YoY growth in Two-Wheelers sales. “It is also crucial for the Reserve Bank of India to mandate financial institutions to implement stringent checks before releasing inventory funding, preferably requiring dealer consent or collaterals to prevent the escalation …

Sales of SUVs continue to soar; small cars fall
6 months ago

Sales of SUVs continue to soar; small cars fall

Live Mint  

Growth in passenger vehicle sales moderated to 3% year-on-year at 1.03 million units in the first quarter of fiscal year 2024, with a steep 17.5% drop in sales of small cars sold during the quarter compared to the same period a year ago. SUVs constituted 63% of all passenger vehicle sales to 646,000 units in the June quarter, the highest …

Industry experts predict favourable outlook for auto industry, two-wheelers expected to lead
6 months, 1 week ago

Industry experts predict favourable outlook for auto industry, two-wheelers expected to lead

Live Mint  

The Indian automotive industry has had a moderately positive beginning to the financial year, led by consumer sentiments and seasonal festivities. In Q1, CV dispatches grew in the mid-single digits owing to election year and lower business activity in tipper sales, with much of the growth driven by the M&HCV high tonnage vehicle and bus categories. Although overall production and …

Passenger vehicle sales fall 7% in June as heatwave curtails showroom visits: FADA
6 months, 1 week ago

Passenger vehicle sales fall 7% in June as heatwave curtails showroom visits: FADA

Hindustan Times  

Indian passenger vehicle sales saw a 7% drop in June 2024 compared to June 2023 due to heatwaves resulting in 15% less showroom walk-ins, PTI wrote, citing data from the Federation of Automobile Dealers Associations. Sales of passenger vehicles dropped 7% in June 2024, compared to June 2023 How many vehicles were sold in June 2024 compared to June 2023? …

US new-vehicle sales barely rose in the second quarter as buyers balked at still-high prices
6 months, 1 week ago

US new-vehicle sales barely rose in the second quarter as buyers balked at still-high prices

Associated Press  

DETROIT — U.S. new-vehicle sales rose only slightly in the second quarter, despite larger discounts and slightly lower prices. Overall, U.S. sales were up only 0.1% compared to a year ago, as still-high prices kept many potential buyers out of the market, according to preliminary tallies Tuesday by Motorintelligence.com. The U.S. industry, he said, is at an inflection point where …

Car Sales Up 3.6 Per Cent Led by SUVs in June
6 months, 1 week ago

Car Sales Up 3.6 Per Cent Led by SUVs in June

Deccan Chronicle  

Pune: Passenger vehicle wholesales, the barometer of the economy, grew 3.6 per cent to 3.40 lakh units in June, primarily driven by new launches and robust demand for SUVs amidst heatwave across the country last month. The new Hyundai Creta has been a key driver for domestic H1 sales with 91,348 units sold, a growth of 11 per cent over …

EV sales in India to go up by 40 per cent to 1.75 million units in FY 2024
7 months ago

EV sales in India to go up by 40 per cent to 1.75 million units in FY 2024

India TV News  

India's Electric Vehicle sales have reportedly grown by 17,52,406 units in FY 2023-24, stating a growth of 40.31 per cent on a Year-on-Year basis. The electric car segment sales have reportedly shot up by 82 per cent on a YoY basis, which further registering sales of 99,085 units in FY 2024. Electric bus sales soared to 3,708 units in FY2024 …

India’s Auto Retail Clocks Robust 27% Growth in April
8 months ago

India’s Auto Retail Clocks Robust 27% Growth in April

Deccan Chronicle  

Pune: The automobile retail sales surged 27 per cent in April, the first month of this fiscal, to 2.2 million units compared to the year before, the Federation of Automobile Dealers Associations or FADA said on Wednesday. “The passenger vehicle category experienced double-digit year-on-year growth, supported by enhanced model availability and favourable market sentiments, particularly around festive events like Navratri …

2024 sees record start to year for electric vehicle sales
8 months, 1 week ago

2024 sees record start to year for electric vehicle sales

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sales of electric vehicles have got off to a record start this year, the latest …

Calls for policy to grow country's vehicle sales
9 months ago

Calls for policy to grow country's vehicle sales

China Daily  

Members of the public visit an auto expo in Dongying, Shandong province, on April 11. China's top auto trade association is calling for favorable government policies to stimulate sales, saying domestic demand for new vehicles is one of the most important issues to be addressed this year. The CAAM's estimate earlier this year said that sales will grow by around …

Two-wheeler sales yet to reach pre-Covid 19 levels, says auto industry body
9 months ago

Two-wheeler sales yet to reach pre-Covid 19 levels, says auto industry body

Hindustan Times  

Passenger vehicles wholesales in India have touched a record high of 42,18,746 units in the financial year 2023-24, registering a year-on-year growth of 8.4 per cent, industry body Society of Indian Automobile Manufacturers said. The vehicle sales across the categories surged by 12.5 per cent to 2,38,53,463 units in the period under review On the other hand, the overall passenger …

Retail Car Sales Rise 8.45% in FY24: FADA
9 months ago

Retail Car Sales Rise 8.45% in FY24: FADA

Deccan Chronicle  

Passenger vehicles retail sales in March declined by 6 per cent year-on-year, but rose 8.45 per cent in FY24, the Federation of Automobile Dealers Association said on Monday. PV retail sales in March dropped 6 per cent YoY at 3,22,345 units after a sustained increase in sales over the last few months. Singhania said, "Enhanced supply dynamics, strategic marketing efforts, …

Car sales accelerate in March
9 months, 1 week ago

Car sales accelerate in March

China Daily  

Employees inspect new energy vehicles on the assembly line of Li Auto's workshop in Changzhou, Jiangsu province, in December. Geely Auto, which owns namesake Geely as well as Lynk & Co and Zeekr, saw its March sales grow 39 percent year-on-year to 150,800 units. Though the growth figures were not as impressive as other major carmakers, a breakdown shows that …

US first-quarter auto sales grew 5.1% despite high interest rates, but EV growth slows further
9 months, 1 week ago

US first-quarter auto sales grew 5.1% despite high interest rates, but EV growth slows further

Associated Press  

DETROIT — New vehicle sales in the U.S. rose 5.1% from January through March, as buyers stayed in the market despite high interest rates. Automakers, most of which reported U.S. sales numbers Tuesday, sold nearly 3.8 million vehicles in the first quarter versus a year ago, for an annual rate of 15.4 million in sales. Sales of electric vehicles grew …

Tesla sales tumble nearly 9%, most in 4 years, as competition heats up and demand for EVs slows
9 months, 1 week ago

Tesla sales tumble nearly 9%, most in 4 years, as competition heats up and demand for EVs slows

Associated Press  

DETROIT — Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to lure more buyers. But TD Cowen Analyst Jeffrey Osborne wrote in a note to investors that weaker March sales indicate that incentives, including discounts and a free trial of “Full Self Driving” software, “did not work as demand …

Passenger vehicle wholesales surge 14 per cent YoY to 3.93 lakh units in January
11 months ago

Passenger vehicle wholesales surge 14 per cent YoY to 3.93 lakh units in January

India TV News  

Domestic passenger vehicle wholesales surged by 14 per cent year-on-year to 3,93,074 units last month, marking the best-ever performance for January according to the Society of Indian Automobile Manufacturers. Two-wheeler wholesales also witnessed significant growth, rising by 26 per cent to 14,95,183 units last month, compared to 11,84,376 units in January of the previous year. Vinod Aggarwal, President of SIAM, …

Record Car Retail Sales Rise 13.3% to 3,93,250 Units in January: FADA
11 months ago

Record Car Retail Sales Rise 13.3% to 3,93,250 Units in January: FADA

Deccan Chronicle  

Pune: The Indian automakers' passenger vehicle retail sales, the barometer of the Indian economy, jumped 13.3 per cent in January 2024 to 3,93,250 units, an all-time high retail sales, due to robust demand for the sports utility vehicles or SUVs, the Federation of Automobile Dealers Associations or FADA said on Tuesday. Singhania said improved vehicle availability, due to adjustments post-OBD …

Strong SUV offtake, wedding season drive PV retail sales to record high in January: FADA
11 months ago

Strong SUV offtake, wedding season drive PV retail sales to record high in January: FADA

The Hindu  

“Passenger vehicle retail sales rose to a record high in January driven by robust demand for sports utility vehicles,” dealers’ body FADA said on February 13. Passenger vehicle sales rose to 3,93,250 units last month, registering a jump of 13% from 3,47,086 units sold in January 2023. “Improved vehicle availability, due to adjustments post-OBD 2 norm implementation, the introduction of …

Passenger vehicle sales surge to record high in January led by robust SUV demand, wedding season: FADA
11 months ago

Passenger vehicle sales surge to record high in January led by robust SUV demand, wedding season: FADA

India TV News  

Passenger vehicle retail sales surged to an all-time high in January, fueled by strong demand for sports utility vehicles and the ongoing wedding season, according to the Federation of Automobile Dealers Associations. Last month, passenger vehicle sales reached 393,250 units, marking a notable increase of 13 per cent from 347,086 units recorded in January 2023. However, three-wheeler retail sales surged …

Australia struggles to ditch SUV habit even as EV sales hit a record
1 year ago

Australia struggles to ditch SUV habit even as EV sales hit a record

The Hindu  

Electric vehicle sales in Australia hit an all-time high in 2023, according to the country’s automotive association, however, light vehicle sales remained dominated by emissions-intensive trucks and sports utility vehicles. Battery-electric vehicles were 7.2% of all vehicles sold last year, more than double the 3.1% recorded in 2022, according to data from the Federal Chamber of Automotive Industries on Thursday. …

US new vehicle sales rise 12% as buyers shake off high prices, interest rates, and auto strikes
1 year ago

US new vehicle sales rise 12% as buyers shake off high prices, interest rates, and auto strikes

Associated Press  

DETROIT — Undeterred by high prices, rising interest rates, autoworker strikes and a computer-chip shortage that slowed assembly lines, American consumers still bought 15.6 million new vehicles last year, 12% more than in 2022, the biggest increase in more than a decade. New vehicle loans averaged around 7% for most of the year, and those could drop even if the …

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