The vehicle registration data for April-December 2018 and December 2018 was disclosed today by the FADA (Federation of Automobile Dealers Associations) which revealed that there was a decrease in the sales of PV (Passenger Vehicle).
In December 2018, retail sales of passenger vehicles (PV) came down to 3% i.e. to 1,02,585 units from former year and the sales declined to 7% when compared to November 2018. The sales of the passenger vehicle (PV) reduced to 2% i.e. to 19,17,750 units in the April-December 2018 when compared to the April-December 2017 which was 19,65,630 units.
But the good news is that the FADA (Federation of Automobile Dealers Associations) has seen the indication of improvement since 15 days because of the reduction of fuel prices and this gives signs about the betterment of the sales.
The FADA (Federation of Automobile Dealers Associations) president, Ashish Harshraj Kale said We are seeing initial signs of revival in the industry as compared to the recent festival season. Passenger vehicle sales arrest further de-growth as good retail momentum in last 15 days indicates sentiment turning positive”.
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On the monthly basis, the leading Society of Indian Automobile Manufacturers (SIAM) gives only the wholesale sales data, which means that the number of vehicles sent to the dealers by the producers and does not show the real consumer order. Also, the dispatch of vehicles to the dealers does not end in final sales making it a pile-up of vehicles at the dealer yard.
The FADA (Federation of Automobile Dealers Associations) noticed in a statement "Moderation in wholesale billing in the month of December and some reasonably good retail sales towards the month end has definitely helped in reducing the extremely high PV inventory to reasonable levels in many markets. Continued efforts in the right direction by all OEMs in the PV segment will surely bring down the inventory levels to normal across all geographies by January end".
The main objective to provide the vehicle registration data by the FADA is "acting as a barometer for the industry as well as for the policymakers to help understand the on-the-ground situation of auto sales, in turn helping frame future actions and policies."
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The overall sales (two-wheelers, three-wheelers, commercial vehicles and PVs) in December 2018 was declined to 16% i.e. to 1,442,514 units when compared to the November 2018 which was 1,707,820 units. But when compared to 2017 of the same period, the retail sales increased by 9%.
In India, sales of two-wheelers in December 2018 was declined by 18% i.e. 1,141,209 units as compared to the November 2018 which was 1,383,572. But the sales increased by 11% when compared to December 2017.
|Segment||Dec 2017||Nov 2018||Dec 2018||Change (MoM)||Change (YoY)|
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|Segment||Apr-Dec 2017||Apr-Dec 2018||Change (YoY)|