Car and Bicycle Dealers Association Reveals May 2019 Sales Data

Picture for reference.

The Federation of Automobile Dealers Associations (FADA) released the monthly vehicle registration data for the month of May 2019. According to the survey, the registration of the MoM increased while there was a decline on a annual basis. In fact, May 2019 saw the 2nd highest record on a monthly basis in the last fiscal year.

States with the most vehicle registrations included UP with 2,81,175 registrations, followed by Maharashtra with 1,99,509 registrations and Tamil Nadu where 1,58,433 vehicles were registered in the past month. These three states also recorded the highest number of registrations in terms of two-wheelers. UP registered 2,36,713 units, Maharashtra had 1,51,265 two-wheeler registrations as well as Tamil Nadu with 1,31,092 registered units.

Passenger vehicle registrations were also highest in these three states, namely Uttar Pradesh (34,249), Maharashtra (31,871) and Gujarat (21,929). The highest commercial vehicle registrations were also highest in these three states in Maharashtra (7,853), Tamil Nadu (6,676) and Gujarat (4,923).

Car Bike Dealer Data

In terms of total vehicle registrations, Arunachal Pradesh led the states with the strongest year-on-year growth of 31%, while West Bengal recorded the largest year-on-year decrease of -27%. Chattisgarh state recorded the strongest growth in yoy of 36%, while Manipur recorded the largest decrease in yoy of -25%. Sikkim recorded the strongest year-on-year growth in the 2-wheeler segment with growth of 67%, while Haryana recorded the largest year-on-year decrease of -30%.

In the commercial vehicle segment, Goa recorded the strongest year-on-year growth of 48% while Jharkhand recorded the largest year-on-year decrease of -45%. Total sales in all categories fell 7.5% to 17.71,920 units in May from 19,14,795 units in the same month last year.

Ashish Harsharaj Kale, President of FADA, revealed that dealer inventories are a serious concern, especially when it comes to two-wheelers. FADA appreciated the efforts of Honda Motorcycle and Scooter India which reduced dealer inventory to an average of 30 days and is moving towards the recommended standard of 21 days as per FADA’s request.

FADA does not see any immediate improvement in the current situation. Buyers’ sentiments are expected to continue on a negative note over the next few months. Economic uncertainty, higher insurance costs, employment constraints, delayed monsoons and fuel price volatility have all had a negative impact on vehicle sales and no improvement in these factors is expected. shortly.

Some highlights of vehicle registrations for the month of May are mentioned below:
– Overall, the states with the highest vehicle registrations were Uttar Pradesh (2,81,175), Maharashtra (1,99,509) and Tamil Nadu (158,433)
– In the PV category, the most registered states were Uttar Pradesh (34,249), Maharashtra (31,871) and Gujarat (21,929)
– In category 2W, the states with the highest registrations were Uttar Pradesh (2 36 713), Maharashtra (1 51 265) and Tamil Nadu (1 31 092)
– In category 3W, the states with the highest registrations were Maharashtra (8,520), Uttar Pradesh (7,649) and Gujarat (5,791)
– In the CV category, the states with the highest registrations were Maharashtra (7,853), Tamil Nadu (6,676) and Gujarat (4,923)
– In total vehicle registrations, Arunachal Pradesh recorded the strongest year-on-year growth of 31% while West Bengal recorded the largest year-on-year decline of -27%
– In PV category, Chhattisgarh recorded the strongest year-on-year growth of 36% while Manipur recorded the strongest year-on-year decrease of -25%
– In the 2W category, Sikkim recorded the strongest year-on-year growth of 67% while Haryana recorded the strongest year-on-year decrease of -30%
– In CV category, Goa recorded the strongest year-on-year growth of 48% while Jharkhand recorded the largest year-on-year decrease of -45%


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *