New Delhi: retail sales of passenger vehicles in India witnessed a decline of 11 percent year-to-year in December because the lack of semiconductors continued to have an impact on the segment, the car dealer Body said on Wednesday.
The retail sales of passenger vehicles (PV) last month fell 10.91 percent to 2,44,639 units from 2,74,605 units in December 2020.
“December is usually seen as a high sales month where OEM continues to offer the best discounts to remove the best discounts but , inventory due to changing years.
However, this is not the case now because retail sales continue to disappoint, so that wrapping up the calendar year performing poorly, “said Fada President Vinkesh Gulati.
With semiconductor deficiencies continue to play spoil-sports, sales of passenger vehicles regardless of large bookings in December are covered in red, he added.
Dealers, however, see a little convenience in the supply of vehicles, thus providing hope for improvement, Gulati said.
Second-wheel sales also continued to remain on the slow lane last month, with sales of 11,48,732 units, down 19.86 percent from 14.33 334 units in December 2020.
“High cost of ownership, poor rural sentiment, working from home and threats The latest Omicron continues to have an impact on sales, “Gulattia said.
However, commercial vehicle retail sales rose 13.72 percent last month to 58,847 units, by opposing 51,749 units in December 2020.
“Government encourages for infrastructure expenditure, especially in road infrastructure, a better shipping rate, the announcement of price increases in January and low .
Help the overall segment closed in a positive double digit, “Gulati said.
The overall retail sales in all the segments last month reached 15,58,756 units, down 16.05 percent from 18,56,869 units in December 2020.
The Federation of Car Dealer Associations (Fada), which collected data from 1,590 RTOS throughout the country, said it remained very careful -Hati for the next 2-3 months with other waves of Covid which affects the business.
“Various government governments once again announced covid restrictions.
The work and education of the house has been continued and will have a negative effect on automatic retail.
With fear of health care costs increase again, the stinging customer from closing their purchasing decisions,” Gulati was recorded.
Fada represents more than 15,000 car dealers that have 26,500 dealers throughout the country.
PV sales dip 11% on DES in the middle of semiconductor misery
