HomeNDTV CarAndBike - Latest News

Passenger Vehicle Sales Down By 3 Per Cent In December 2018: Dealers Association

SHARE:

The auto industry had an underwhelming festive season in 2018 with a host of factors contributing to the disappointing numbers. However, aft...

Daimler To Make Mercedes-Benz Branded Heavy Trucks In China
Audi To Join Mercedes, BMW Development Alliance
Volkswagen Not Interested In Buying Tesla Stake

The auto industry had an underwhelming festive season in 2018 with a host of factors contributing to the disappointing numbers. However, after a slump in sales, the Indian automobile market is on the road to recovery, according to the Federation Of Dealers Association (FADA). The dealer association said that the industry was showing signs of revival post the festive season with the drop in fuel prices contributing to the de-growth. The passenger vehicle sector though dropped by 3 per cent in sales in December 2018, whereas the two-wheeler segment increased by 11 per cent year-on-year hike in volumes.

Commenting on the December numbers, FADA President, Ashish Harsharaj 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. 2W shows positive growth on a YoY basis although MoM trend shows decline.”

Post the festive season, fuel prices have been at their lowest levels in the last three months, which has contributed to the positive buying sentiment. Liquidity, however, remained a major constraint according to FADA. The slump in sales though has left a pile of inventory for manufacturers at the end of 2018. According to a survey conducted by FADA among its members, the current inventory of passenger vehicles ranges from 35-40 days, two-wheelers ranges from 55-60 days and commercial vehicles ranges from 35-40 days.

The dealers association concluded that the inventory for two-wheelers was "very high", whole that for commercial vehicles was "above normal". For passenger vehicles, the inventory was described as "reasonable" after a slight jump in sales towards the end of December last year. FADA believes that moderation in wholesale billing of vehicles by OEMs j. January will help offset the excess inventory.



from NDTV CarAndBike - Latest News http://bit.ly/2SIxe78
Name

CarandBike - Latest News,3891,NDTV CarAndBike - Latest News,4668,Web Bike World,393,webBikeWorld,826,
ltr
item
bikes: Passenger Vehicle Sales Down By 3 Per Cent In December 2018: Dealers Association
Passenger Vehicle Sales Down By 3 Per Cent In December 2018: Dealers Association
bikes
https://bikemotorbike.blogspot.com/2019/01/passenger-vehicle-sales-down-by-3-per.html
https://bikemotorbike.blogspot.com/
http://bikemotorbike.blogspot.com/
http://bikemotorbike.blogspot.com/2019/01/passenger-vehicle-sales-down-by-3-per.html
true
6291399089362058434
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy