August Sales Forecast: Dealer dispatches may slow down as inventory piles up

August Sales Forecast: Dealer dispatches may slow down as inventory piles up

Rising inventory across sales channels and lack of competitively priced new models that can attract buyers are beginning to weigh on the wholesale volumes (dispatches to dealers) of the passenger car industry. For the first time in 30 months, the volume of the passenger car industry is expected to decline 2.5-3% on a year-on-year basis … Read more

Auto sales enter slow lane in May, expected to bounce back in the festive season

Auto sales enter slow lane in May, expected to bounce back in the festive season

Automobile sales slowed down in May as a combination of factors such as heatwaves, election-related uncertainties and a high base led to a decline in dispatches from the manufacturers to the dealers over the year-ago period, said executives at manufacturers that released the monthly sales figures on Saturday.Automobile manufacturers in India count dispatches to dealers … Read more