Tuesday, September 25, 2018

Vehicle registration down in Aug.

Total registrations across vehicle categories in August slowed marginally from the previous month except for two wheelers which accelerated according to the JB securities market survey.

Total motor cars recorded 7,003 units in August marginally down from 7,162 units the previous month and significantly up from 3,211 units 12 months ago.

In the brand-new segment August recorded 890 units marginally down from 904 units the previous month and 1,183 units 12 months ago. Small cars (under 1,000 CC) accounted for 93.4% of total volumes. Financing share was 54.6% slightly down from 55.2% the previous month.

Pre-owned cars recorded 6,112 units in August marginally down from 6,258 units in July but almost 200% up from 12 months ago. Small cars accounted for 89.4% of total volumes – 5,466 units.

Premium brands recorded 172 units in August down from 198 units the previous month. Mercedes accounted for 10 units, BMW 8 units and Audi 9 units. The pre- owned segment recorded 141 units marginally up from 139 units the previous month.

Electric car registrations were 38 units in August significantly up from 15 units the previous month and 11 units 12 months ago.

SUVs recorded 733 units in August significantly up from 622 units the previous month and 524 units 12 months ago.

Hybrids recorded 3,786 units in August slightly down from 3,838 units the previous month but significantly up from 2,049 units 12 months ago.

Cars accounted for the bulk of this number totalling 3,547.

Vans recorded 839 units in August marginally down from 812 units the previous month and 902 units 12 months ago. Meanwhile three wheelers recorded 1,670 units in August marginally down from 1,675 units the previous month and 2,100 units 12 months. During the second half of 2015 monthly registrations were in the range 10-12,000 units, normalized volumes in other months were in the range 5-7,000 units thus the current volumes are a significant contraction.

Two wheelers recorded 30,042 units in August up from 28,697 units the previous month and 29,643 units 12 months ago. Scooters accounted for 18,008 – 61% of the total.

Heavy trucks recorded 222 units in August marginally down from 228 units the previous month and significantly down from 377 units 12 months ago. Buses recorded 189 units in August down from 235 units the previous month and significantly down from 266 units 12 months ago.

Author:

0 comments: