Total vehicle registrations significantly came down in August to 17,493 units down from 28,572 the previous month according to J. B. Securities.
The slowdown was across the board. “We expect registrations to further slowdown in September due to inventory depletions. The import bans are not applicable to agriculture, service and construction related vehicles.
Total car registrations recorded 906 units in Aug down from 1,712 units in July and 2,385 units 12 months ago.
Brand new car registrations recorded 248 units in Aug down from 272 units in July and 361 units 12 months ago. Financing share was 37.1% lower than the normal monthly average of 50%.
Pre-owned car registrations recorded 658 units in Aug down from 1,440 units in July and significantly down from 2,024 units 12 months ago. Small cars accounted for 80.2% of volumes followed by medium cars accounting for 19.1%.
Premium motor cars recorded 77 units in Aug down from 106 units the previous month and 103 units 12 months ago.
SUV registrations recorded 511 units in Aug down from 756 units the previous month and 653 units 12 months ago. Brand new recorded 209 units, the balance 302 units were pre-owned.
Hybrids recorded 136 units in Aug down from 163 units in July and significantly down from 496 units 12 months ago.
Vans recorded 454 units in Aug down from 705 units in July and significantly down from 720 units 12 months ago. 3-wheelers recorded 206 units in Aug down from 635 units in July and 1,039 units 12 months ago. Financing share was 67%.
2-wheelers recorded 13,794 units in Aug down significantly from 22,419 units in July and 25,508 units 12 months ago. Scooters recorded 8,277 units in Aug down from 15,047 units the previous month. Electric bikes were a mere 22 units.
Pickup trucks recorded 129 units in Aug down from 140 units in July but up from 79 units 12 months ago. Mini trucks recorded 11 units in Aug down from 21 units the previous month and significantly down from 110 units 12 months ago. Buses recorded 33 units in Aug down from 41 units in July and 73 units 12 months ago. Hand tractors recorded 137 units in Aug significantly down from 266 units in July but up from 134 units 12 months ago.
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