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Retail sales of passenger vehicles drop 9% in December 2019: FADA

22 Jan 2020 Evaluate

Automobile dealers' body -- Federation of Automobile Dealers Associations (FADA) has said retail sales of passenger vehicles (PV) dropped around 9 percent to 2,15,716 units in December 2019, as compared to sales of 2,36,586 units in December 2018, as even the best offers failed to lift weak consumer sentiments.

Two-wheeler sales declined 16 percent to 12,64,169 units in December as compared with 15,00,545 units in December 2018. Commercial vehicle sales declined 21 percent to 67,793 units as compared to 85,833 units in December 2018.  However, Three-wheeler sales rose one percent to 58,324 units last month. Total sales across categories declined 15 percent to 16,06,002 units in December 2019 as against 18,80,995 units in the year-ago month.

FADA President Ashish Harsharaj Kale said December sales de-growth was not on expected lines as the inquiry levels all through the month were quite robust. He added Consumer sentiment continues to be very weak as customers did not conclude on the purchase even after taking the efforts of inquiring and despite the best offers being available.

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