Ahmedabad: The problem of supply chains in the car industry triggered by global semiconductor deficiencies has failed to reduce buyer’s sentiment in Gujarat with car sales estimating a stable 27% increase in 2021 compared to good demand and increasing preferences to own vehicles for personal mobility after covid restrictions -19, car sales witnessed a stable growth last year.
According to the data provided by the Federation of the Car Dealer Association (Fada), car sales jumped from 2.04 lakhs in 2020 to 2.6 lakh in 2021.
But sales were slightly less than 5.8% of 2.76 lakh units for sale In 2019 before the Covid outbreak.
“The demand for four-wheeled was very good last year after increasing private vehicle preferences.
However, because of the ongoing semiconductor deficiencies, dealers cannot cash in demand in the midst of supply side constraints.
Revived spending is relatively good because people do not shop back on the journey or other activities During the pandemic year, which encouraged the purchase of a car, “said Pranaav Shah, Chairman, Gujarat Region, Fada.
In fact, this obstacle has been addressed, growth will definitely be better than the pre-covid period, suggested dealers.
Even two-wheel sales showed a decent 18% growth in 2021 with several two-wheeled 8.2 lakh sold against 6.95 lakh in 2020.
However, the sale of two wheels continued to be muffled compared to pre-pandemic times – sales fell 28.2 % compared to 11.42 lakh units guaranteed in 2019.
Shah explained that two-wheel demand was dipped mainly due to the increase in the cost of ownership of two wheels.
“Second-wheel sales showed demand growth but the overall momentum remained low with a pre-pandemic period.
While the price of two wheels increased by 20% on average, the price of fuel also remained on the higher side, both proved to be sales deterrent,” he said.
Dealers suggest that the loan rejection ratio will increase too.
“More customers face the refusal of their car loan applications because their Cibil scores are weak and their income suffers Ahmedabad-based wheels.