JKGLOBIZ CONSULTING’s Post

Cox tracks further price reductions. Dealer used car data shows selling prices are still declining despite good volumes | Mike Costello | Cox Automotive Australia | Read GoAuto's story here: https://lnkd.in/gPGfJ-xQ

Car sales cooling in March may be just a sign of things to come: The slowdown in March signals the beginning of a period of subdued passenger vehicle sales from the new fiscal year starting April, industry executives said, adding it may prompt automakers to lower production volumes to match the changed demand- supply … #car #cars #awesome

Car sales in the country have increased by 51%, according to car manufacturers. From July to November, car sales surpassed 50,000 units, compared to 33,000 cars sold during the same period last year. Manufacturers also stated that motorcycle sales rose by 26%, reaching 578,000 units. However, they noted that tractor sales declined by 50%, while bus and truck sales increased by 87%. #PakistanTelegraph

Discount driven close in Auto sector? Auto industry is grappling with high inventory levels, with some dealerships holding 40-50 days of stock. This, combined with sluggish post-festive demand, might lead to deep discounts and promotions as manufacturers and dealers aim to clear inventory. Why? 1. Passenger vehicle sales dropped 14% YoY in November, while inventory adjustments have been insufficient. 2. Entry-level cars are facing growing competition from the used car market. . With year-end targets approaching, aggressive discounts could make this a great time to grab a deal. . What’s your take? Will discounts boost sales, or are deeper challenges at play? #AutoIndustry #BusinessInsights #MarketTrends

According to the Australian Automotive Dealer Association (AADA) and AutoGrab, used car sales in Australia dropped 3.2% in October to 202,355, while listings rose 1% to 317,861. Average days to sell hit 49—the highest since Dec 2023—signalling a buyer’s market shift. https://buff.ly/4fHNTlH

Car sales in the country have increased by 51%, according to car manufacturers. From July to November, car sales surpassed 50,000 units, compared to 33,000 cars sold during the same period last year. Manufacturers also stated that motorcycle sales rose by 26%, reaching 578,000 units. However, they noted that tractor sales declined by 50%, while bus and truck sales increased by 87%.

According to the Australian Automotive Dealer Association (AADA) and AutoGrab, used car sales in Australia dropped 3.2% in October to 202,355, while listings rose 1% to 317,861. Average days to sell hit 49—the highest since Dec 2023—signalling a buyer’s market shift. https://buff.ly/4fHNTlH

Dominating the Canadian Market growth are small SUV's which are what Canadian consumers are currently after according to the DesRosiers Automotive Consultants’ latest update on segment sales. "“The three segments that comprise the small SUV market together jumped more than five percentage points to 46.2% of total sales,” said Andrew King, Managing Partner at DAC, in a statement." The three segment sales came in at an estimated 6.3% ahead of 2023 figures, despite the impact that the CDK software breach had on dealerships at the end of June. And the first quarter of the year saw an estimated increase of 10.4%. 💡To read more, click the link below 👇🏽: https://ow.ly/T9Ow50SBM0c #SUVS #CanadianCardealerships #canadiancars #lightvehicles

Car sales rise 56% in November 2024 The sales of cars, including LCVs, vans, and jeeps, in Pakistan increased by 56.0% in November 2024, clocking in at 10,100 units compared to 6,475 units recorded in the same month of last year, the latest data from the Pakistan Automotive Manufacturers Association (PAMA) showed today. Conversely, on a month-on-month basis, auto sales have decreased by 22.9% compared to the 13,108 cars sold in October 2024. Cumulatively, in 5MFY25, sales clocked in at 50,793 units, around 51.0% higher compared to 33,638 units sold in 5MFY24. https://lnkd.in/e4Nbne_P