Auto sales skid 10 months on the trot, new vehicle registrations down 5.4%

Industry cites tight liquidity, dealyed monsoon; dealer inventories brought down with some help from manufacturers

Automobile sales have encountered speedbreakers for the tenth month in a row, as overall new vehicle registration dropped by 5.4 per cent year-on-year this June.  

Commercial vehicle sales were down 19.3 per cent, two-wheelers took a five per cent hot, while passenger vehicles (PVs) declined by 4.6 per cent in June 2019. SIAM's recently released wholesale data stated that domestic PV sales declined by 17.54 per cent.

Ashish Harsharaj Kale, president, Federation of Automobile Dealers Associations (FADA), the apex automobile retail industry body, said that despite starting the month on a positive note, sales ended up declining due to continued