Vehicle retail sales down 5% in October 2021; Dealers see worst festive season numbers in last decade

The total new vehicle registrations last month stood at 13,64,526 units, a decline of 5.33 per cent as compared to October 2020. However, dealers also witnessed the worst festive season in the last decade, with retail sales falling by 18 per cent during the 42-day festive period. ,



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Vehicle retail sales stood at 20,90,893, down over 18 per cent for the 42-day festive period

Federation of Automobile Dealers Associations (FADA) today released vehicle retail data for October 2021. The total number of new vehicle registrations last month stood at 13,64,526 units, a decline of 5.33 per cent as compared to 14,41,299 units sold in October 2020. However, it stood at 20,90,893 for the festive period of 42 days, which is a decline of over 18 per cent as compared to 25,56,335 units sold during the same period in 2020. Vinkesh Gulati, President, FADA said, “We have witnessed the worst festive season in the last decade. Semi-conductor shortage, which was already an absolute crisis, showed its true colors when, despite the above healthy demand, We couldn’t meet the customer’s requirement.”

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FADA says that the demand for entry-level cars saw a decline as customers in this category continued to save money due to their family’s healthcare needs

Retail sales of passenger vehicles stood at 2,28,431 units in October 2021, a decline of 11.38 per cent as compared to 2,57,756 units sold during the same month last year. However, the decline more than doubles when we look at the 42-day festive period, during which, PV sales declined by over 26 per cent in 2020 as compared to 4,39,564 units sold during the same period with 3,24,542 units. FADA says that there was a huge shortage of vehicles in the SUV, compact-SUV and luxury categories. On the other hand, the demand for entry-level cars saw a dip as customers in this category continued to save money on account of their family’s healthcare needs.

Also read: Car sales October 2021: Maruti Suzuki records double-digit sales decline

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During the 42-day festive period, two-wheeler sales stood at 15,79,642 units, a decline of 18.49 per cent, as against 19,38,066 units in 2020.

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Last month, retail sales of two-wheelers stood at 9,96,024 units, a decline of 6 per cent as compared to 10,60,337 units sold in October 2020. However, during the 42-day festive period, when the retail sales of two-wheelers stood at 15,79,642. units, the decline was three-fold at 18.49 per cent, as against 19,38,066 vehicles sold in 2020. “The 2W category is bearing the brunt of lower sales, with the entry-level category taking the biggest hit. Rural distress in retail has led to repeated price hikes, triple-digit hikes in fuel prices and health emergencies. Money-saving customers kept demand low.

ALSO READ: Two-wheeler sales October 2021: Royal Enfield sales down 34%

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Three-wheeler sales stood at 39,077 units in October 2021, a whopping 74 per cent growth as compared to 22,467 units sold during the same month in 2020

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The growth in sales of three-wheelers and commercial vehicles was a ray of hope for dealers, which were otherwise mostly a dark cloud. Three-wheeler sales stood at 39,077 units in October 2021, a whopping 74 per cent growth as compared to 22,467 units sold during the same month in 2020. This was a growth of 53.41 per cent as compared to 52,802 units for the 42-day festival period. In 2020, 34,419 three wheelers were sold during the same period. On the other hand, CV sales last month stood at 56,732 units, a growth of 26.45 per cent as compared to 44,865 units sold in October 2020. At the same time, the sales of CVs during the festive period stood at 77,066 units, a growth of almost 10 per cent as compared to 70,361 units sold during the same period last year.

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