Auto retail slowdown slows down in December 2018
Apex dealer body FADA says auto retail sales are seeing initial signs of revival, after lower-than-expected offtake in the festive season.
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The Federation of Automobile Dealers Associations (FADA) today released vehicle registration data for December 2018 and April-December 2018. Retail sales in the last month of the year 2018 saw the overall (two-wheelers, three-wheelers, commercial vehicles and passenger vehicles) sales at 1,442,514 units, are down by 16 percent compared to 1,707,820 vehicles sold in November 2018 but compared to the same period in 2017, retail sales have grown by 9 percent.
According to the data released by the apex automobile dealership body, sales of two-wheelers in India in December 2018 were, at 1,141,209 units, are down sharply by 18 percent ...
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