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Sunday, 1 November 2020

Car sales up in September as sector continues recovery from covid slump

Car sales continued to tick upwards in September as the sector continued its recovery from the drop in sales during the second-quarter covid-19 lockdown, according to industry data released yesterday. Figures from the Automotive Information Council (AMIC) show that vehicle sales rose 11.25% y-o-y to 22.9k in September, up from 20.6k sold in the same period last year. The sales come on the heels of a 13% rise to 20.8k in August.

Passenger cars lead the recovery: Sales of passenger cars surged more than 24% y-o-y last month to around 17.5k vehicles, up from 13.7k in September 2019 and 16k in August. Sales volumes of passenger cars fell by as much as 26% during the government’s partial lockdown of the economy earlier this year, which caused dealerships to close and consumers to defer purchases.

Truck sales up, buses down: Truck sales increased slightly to 3.3k vehicles from 3.2k in August, up 9.6% from September of last year when around 3.1k units were sold. While bus sales were up to 2.5k units from 1.6k sold in August, they were down 34.1% on an annual basis from 3.8k units sold in September 2019.

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