{"id":1463,"date":"2023-08-06T15:11:51","date_gmt":"2023-08-06T15:11:51","guid":{"rendered":"https:\/\/www.autoclub.app\/?p=1463"},"modified":"2023-08-06T15:31:07","modified_gmt":"2023-08-06T15:31:07","slug":"car-market-experiences-a-71-sales-dip-in-the-first-five-months-of-the-year","status":"publish","type":"post","link":"https:\/\/autoclub.app\/blog\/en\/car-market-experiences-a-71-sales-dip-in-the-first-five-months-of-the-year\/","title":{"rendered":"Car Market Experiences a 71% Sales Dip in the First Five Months of the Year"},"content":{"rendered":"

Significant Decline in Car Sales<\/h1>\n

In the first five months of the year, car market sales saw a dramatic decrease, with approximately 30.5 thousand cars sold, a stark contrast to the 104.3 thousand cars sold during the same period last year. This represents a reduction of 70.7%.<\/p>\n

Segmented Decline in Car Market<\/h2>\n

The Automobile Market Information Council (AMIC) report, acquired by Auto Club, revealed a 73% decrease in passenger car sales, amounting to 21.8 thousand units sold compared to the previous year’s 80.2 thousand. Bus sales dropped to 3.3 thousand, down by 55.5% from 7.5 thousand in 2022. Truck sales also experienced a downturn, with only about 5.2 thousand trucks sold compared to 16.5 thousand units in the same period last year, marking a decrease of 68%.<\/p>\n

Top-selling Brands Amidst Market Decline<\/h3>\n

Despite the decline, Nissan led the pack as the best-selling brand during the first five months of the year, selling 5.5 thousand cars and securing an 18% market share. Chevrolet ranked second, with a 14% market share and total sales of 4.2 thousand cars, while Chery-Gabbour came third with a 12.6% share, selling 3.8 thousand cars.<\/p>\n

\"Car
\u00a0<\/figcaption><\/figure>\n

Toyota, with an 8.9% share and 2.7 thousand cars sold, held the fourth position. Renault took fifth place, holding a 7.4% share with 2.2 thousand cars sold. BYD secured the sixth spot with a 6.3% share and 1.9 thousand cars sold, followed by Suzuki in the seventh position with a 5.9% share and 1.7 thousand cars sold.<\/p>\n

\"Car
\u00a0<\/figcaption><\/figure>\n

Mitsubishi, with a 4.2% share, sold about 1.2 thousand cars, placing it in the eighth spot. Kia, selling a total of 1,000 cars, secured a 3.4% share, placing it ninth on the list.<\/p>\n

Rounding out the top ten, MG secured a 3% market share with 909 cars sold. Hyundai, selling 747 cars, and Opel, with 597 cars sold, held the eleventh and twelfth positions, respectively, holding a 2.4% and 2% share. Other brands combined had an 11.9% market share, with a total of 3.6 thousand cars sold during this period.<\/p>\n

Further Sales Decline in May<\/h2>\n

The car market continued to suffer in May, with a sale of only about 7.3 thousand cars, representing a 57.2% decrease compared to May 2022, which saw sales of 17.1 thousand cars.<\/p>\n

The monthly report highlighted a significant decline in sales of “ownership” cars, with a total of 5.7 thousand cars sold, a 51.8% decrease from the previous year’s sales. Bus sales also declined by 60.6% to 694 units, while truck sales dropped by 68.5% to approximately 924 units, compared to the previous year’s 3.5 thousand units.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Significant Decline in Car Sales In the first five months of the year, car market sales saw a dramatic decrease, with approximately 30.5 thousand cars sold, a stark contrast to the 104.3 thousand cars sold during the same period last year. This represents a reduction of 70.7%. Segmented Decline in Car Market The Automobile Market …<\/p>\n","protected":false},"author":2,"featured_media":1461,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[44],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/posts\/1463"}],"collection":[{"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/comments?post=1463"}],"version-history":[{"count":1,"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/posts\/1463\/revisions"}],"predecessor-version":[{"id":1464,"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/posts\/1463\/revisions\/1464"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/media\/1461"}],"wp:attachment":[{"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/media?parent=1463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/categories?post=1463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/tags?post=1463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}