Vehicle retail gross sales down 5% in October 2021; Dealers see worst festive season numbers in final decade

The complete new automobile registrations final month stood at 13,64,526 models, a decline of 5.33 per cent as in comparison with October 2020. However, sellers additionally witnessed the worst festive season within the final decade, with retail gross sales falling by 18 per cent throughout the 42-day festive interval. ,

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Vehicle retail gross sales stood at 20,90,893, down over 18 per cent for the 42-day festive interval

Federation of Automobile Dealers Associations (FADA) immediately launched automobile retail knowledge for October 2021. The complete variety of new automobile registrations final month stood at 13,64,526 models, a decline of 5.33 per cent as in comparison with 14,41,299 models offered in October 2020. However, it stood at 20,90,893 for the festive interval of 42 days, which is a decline of over 18 per cent as in comparison with 25,56,335 models offered throughout the identical interval in 2020. Vinkesh Gulati, President, FADA stated, “We have witnessed the worst festive season within the final decade. Semi-conductor scarcity, which was already an absolute disaster, confirmed its true colours when, regardless of the above wholesome demand, We could not meet the client’s requirement.”

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FADA says that the demand for entry-level automobiles noticed a decline as clients on this class continued to economize attributable to their household’s healthcare wants

Retail gross sales of passenger automobiles stood at 2,28,431 models in October 2021, a decline of 11.38 per cent as in comparison with 2,57,756 models offered throughout the identical month final yr. However, the decline greater than doubles after we have a look at the 42-day festive interval, throughout which, PV gross sales declined by over 26 per cent in 2020 as in comparison with 4,39,564 models offered throughout the identical interval with 3,24,542 models. FADA says that there was an enormous scarcity of automobiles within the SUV, compact-SUV and luxurious classes. On the opposite hand, the demand for entry-level automobiles noticed a dip as clients on this class continued to economize on account of their household’s healthcare wants.

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During the 42-day festive interval, two-wheeler gross sales stood at 15,79,642 models, a decline of 18.49 per cent, as towards 19,38,066 models in 2020.

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Last month, retail gross sales of two-wheelers stood at 9,96,024 models, a decline of 6 per cent as in comparison with 10,60,337 models offered in October 2020. However, throughout the 42-day festive interval, when the retail gross sales of two-wheelers stood at 15,79,642. models, the decline was three-fold at 18.49 per cent, as towards 19,38,066 automobiles offered in 2020. “The 2W class is bearing the brunt of decrease gross sales, with the entry-level class taking the most important hit. Rural misery in retail has led to repeated worth hikes, triple-digit hikes in gas costs and well being emergencies. Money-saving clients stored demand low.

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Three-wheeler gross sales stood at 39,077 models in October 2021, a whopping 74 per cent progress as in comparison with 22,467 models offered throughout the identical month in 2020

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The progress in gross sales of three-wheelers and business automobiles was a ray of hope for sellers, which have been in any other case largely a darkish cloud. Three-wheeler gross sales stood at 39,077 models in October 2021, a whopping 74 per cent progress as in comparison with 22,467 models offered throughout the identical month in 2020. This was a progress of 53.41 per cent as in comparison with 52,802 models for the 42-day competition interval. In 2020, 34,419 three wheelers have been offered throughout the identical interval. On the opposite hand, CV gross sales final month stood at 56,732 models, a progress of 26.45 per cent as in comparison with 44,865 models offered in October 2020. At the identical time, the gross sales of CVs throughout the festive interval stood at 77,066 models, a progress of virtually 10 per cent as in comparison with 70,361 models offered throughout the identical interval final yr.

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