FADA ESTIMATES 28 PERCENT AUTOMOBILE SALES DECLINE IN INDIA

HIGHLIGHTS

• FADA has estimated 28% automobile sales decline in India during APR 2021.
• The decline was observed in the month-on-month (MoM) sales number.
• The second wave of the COVID-19 pandemic has been mentioned as the reason for decline in...

S. KOREAN CARMAKERS SAW A JUMP IN SALES BY 77% IN APRIL

Highlights –

• S. Korean carmakers saw a jump in sales by 77% in April.
• The five carmakers sold a combined 630,691 vehicles in April.
• Hyundai reported its sales to double to 345,777 units from 167,693 a year ago.
• Kia's sa...

JAPAN REPORTS A RISE IN NEW CAR SALES BY 6.8 PERCENT IN JANUARY 2021

Highlights –

• Japan reports a rise in new car sales by 6.8 percent in January 2021.
• In January 2021, sales of new cars rose to 384.442 units.
• Sales excluding minicars rose by 6.8 percent to 236,592 vehicles.
• Toyota reported ...

HYUNDAI AND KIA EXPECT TO POST DOUBLE-DIGIT GROWTH IN Q4 OPERATING PROFIT

Highlights –

• Hyundai and Kia expect to post double-digit growth in Q4 operating profit.
• Hyundai is likely to post an operating profit of 1.71 trillion won in Q4.
• Kia is reportedly expected to post 4.4 percent to 16.82 trillion won.

EUROPEAN CAR SALES SUFFER WORST PLUNGE EVER IN 2020

Highlights:

• The car sales in the continent of Europe have been decreased by around a quarter in the year 2020
• In the year 2020, the registrations of the new cars have been decreased by 23.7 percent

The car sales in the continent of E...

JAPAN REPORTS FALL IN NEW CAR SALES BY 11.5 PERCENT IN 2020 DUE TO PANDEMIC

Highlights –

• Japan reports fall in new car sales by 11.5 percent in 2020 due to pandemic.
• In 2020 automakers in Japan are said to have sold 4,598,615.
• Toyota Motor Corp. reported a drop by 5.8 percent in domestic sales in 2020.
...

HYUNDAI AND AFFILIATE KIA MOTOR REPORTS FALL IN U.S VEHICLE SALES IN 2020

Highlights –

• Hyundai and affiliate Kia Motor reports fall in U.S vehicle sales in 2020.
• Hyundai and Kia combined sold 1,208,374 vehicles in 2020.
• The carmakers' overall sales fell by 12 percent to 6.35 million units from 7.19 mill...

SOUTH KOREA WITNESSES STEEP FALL IN CAR SHIPMENTS AND PRODUCTION VOLUME

• The Ministry of Trade, Industry and Energy declared on Nov. 16 that South Korea’s automobile exports totalled 200,666 cars last month, down 3.2 percent from the previous year.
• After the eruption of COVID-19, the monthly shipments dropped 44.6 percent year on year in April...

SALE OF NEW CARS FALL BY 16 PERCENT IN AUGUST IN JAPAN

Highlights –

• Sale of news cars falls by 16 percent in August in Japan.
• The coronavirus pandemic has weakened the demand in automobiles.
• Domestic sales declined for the 11th consecutive month.
• Sales in trucks and buses decli...

TOYOTA MOTOR CORP. EXPECTS A DROP IN NET PROFIT THIS FISCAL YEAR

Highlights –

• Toyota Motor Corp. expects a drop in net profit this fiscal year.
• By the end of the quarter in June, net profit dropped 74.3 percent.
• Operating profit dropped by 98.1 percent.
• Toyota suffered a 31.8 percent fa...

CAR SALES IN JAPAN FALL BY 13.7 PERCENT IN JULY DUE TO PANDEMIC

Highlights –

• Car sales in Japan fell by 13.7 percent in July due to pandemic.
• Domestic sales including mini-vehicles totaled to 396,346 units.
• Sales of cars, trucks, and buses dropped by 20.4 percent in July.
• Nissan Motor ...

CAR SALES AND DEPARTMENT STORE REVENUE IN SOUTH KOREA TUMBLES - COVID-19

Highlights –

• COVID -19 takes a toll on car sales and department store revenue
• Sales of passenger cars in the local market dropped 24.6 percent this month
• Department store revenue dropped 31 percent last month

The Min...

SALE OF CARS DOWN BY 25% IN SOUTH KOREA DUE TO CORONAVIRUS

Highlights:

• Due to coronavirus, car sales in South Korea fell by 25%.
• Volatility has come in the money market and economy due to coronavirus in South Korea.
• Passenger car sales in the domestic market of South Korea fell by 24.6 percent.

India’s economic slowdown hits car sales: SIAM

On Friday, the Society of Indian Automobile Manufacturers (SIAM) stated that last year, the sales of cars fell by a record 19% in India. It is on account of a slowing economy. It has made consumers resistant to spend on such items. This year, it is predicted that the demand is likely to flat.

U.S. automotive sales down nearly 100 percent YOY in Q3 as SUVs, trucks still gain

Most automakers, according to mixed new vehicle sales within the U.S. throughout the third quarter of 2019 as SUVs and trucks continued to fare higher than cars. An S&P international Market Intelligence analysis found that overall non seasonally adjusted U.S. vehicle sales for the amount dest...