December 2021 Auto Sales Data: Chip shortage and Corona deal a big blow to the auto sector, sales of passenger vehicles decreased by 11% last month
December 2021 Auto Sales Data: Generally, sales of vehicles are high in December, but last year was sluggish in this matter.
December 2021 Auto Sales Data: The effect of semiconductor shortfall on the sales of passenger vehicles was also visible last month (December 2021). According to FADA, the body of automobile dealers, retail sales of passenger vehicles fell about 11 percent on a year-on-year basis last month. Last month, 2,44,639 passenger vehicles were sold, which is less than 10.91 percent from the sales figures of December 2020. In December 2020, 2,74,605 passenger vehicles were retailed.
Despite more bookings due to semiconductor (chip) shortage, sales of passenger vehicles were disappointing in December. Last month, two-wheeler sales were also down 19.86 per cent on a year-on-year basis and only 11,48,732 units were sold. However, retail sales of commercial vehicles grew by 13.72 per cent year-on-year with 57,847 units sold.
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December is considered the month with the most sales
FADA chief Vinkesh Gulati says that sales are usually high in December. The biggest reason for this is that OEMs (Original Equipment Manufacturers) give excellent offers to clear their stock before the start of the new year. However, this time it did not happen because retail sales were poor and due to this, the last year 2021 was not special for the auto sector. FADA represents more than 15 thousand automobile dealers across 26,500 dealerships across the country.
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Sales affected due to these reasons
According to Gulati, rising vehicle prices, poor sentiment in villages, work from home and the threat of Omicron variants hit auto sales badly. According to Gulati, the governments of many states have once again imposed restrictions related to Corona. Apart from this, studies and work from home are starting again. All this had a negative impact on the retail sales of vehicles. Consumers are hesitant about the purchase of vehicles due to the fear of increasing expenditure on health.
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