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Retail Auto Sales Taper Off After Festive Bump-Up
Vehicle registrations declined 1.1% over the preceding month in December.
06 Jan 2021, 08:09 AM IST
Sales at auto dealerships fell after a bump-up during the festival season, indicating that probably it’s too early to anticipate a revival in the sector grappling with a protracted slowdown.Vehicle registrations—a measure of sales at dealerships—declined 1.1% over the preceding month in December, according to data compiled by BloombergQuint from the Ministry of Road Transport and Highways’ Vahan website. Retail sales, however, rose 1...
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