Federation of Automobile Dealers Association has released August’20 Vehicle Registration Data today. We appreciate FADA’s pro-activeness in accessing vehicle registration data and publishing it accordingly.
Vehicle Registration data is a much relevant and stronger metric in terms of assessing the Industry’s Performance as it highlights the actual sale (from dealer to customer). We explain how – While the passenger vehicle industry had projected a YoY growth of 19.6%; the registrations have actually declined by -7.12%. This indicates that the OEMs have pushed stocks/vehicles to the dealerships anticipating better demand in the upcoming festive season.
Category wise Vehicle Registration / Retail Data –
Disclaimer: 1- The above numbers do not have figures from AP, AN, MP, LD & TS as all these States/UT’s are not yet on Vahan 4. 2- Vehicle Registration Data has been collated as on 07.08.20 and in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,235 out of 1,445 RTOs.
Vehicle Registrations for August 2020 shows improvement when compared MoM but still down by -26.81% on YoY basis. It degrew -26.1% YoY and still a way behind the required growth trajectory.
Tractors was the only category which showed YoY growth in August 2020. It grew a impressive 27.8% in Aug’20 v/s Aug’19. It was backed by good monsoons and better yield this year.
Three Wheelers recorded the steepest YoY degrowth of -69.5%. With cities under incessant lockdown; the sale of three wheelers have impacted heavily and the sales fall seems inevitable now.
Even CVs too registered >50% YoY degrowth. The segment has taken a huge beating in Covid19 era and both trucks/buses sales have come down drastically.