Retail auto sales up 16% YoY in Feb but still lower than pre-Covid level

Automobile retail sales in February saw a 16 per cent jump year-on-year (YoY), shows data released by the Federation of Automobile Dealers Association (FADA). 

The change in onboard diagnostics and the wedding season were the key drivers of growth in the month. 

However, the numbers were still below the pre-Covid-19 pandemic levels. Sales in February 2023 were 8 per cent lower than the pre-covid month of February 2020. 

On a YoY basis, all categories witnessed double-digit growth, with two-wheeler, three-wheeler, passenger vehicle, tractor and commercial vehicle segments growing by 15 per cent, 81 per cent, 11 per cent, 14 per