{"id":1952,"date":"2023-09-10T15:17:45","date_gmt":"2023-09-10T15:17:45","guid":{"rendered":"https:\/\/www.autoclub.app\/?p=1952"},"modified":"2023-09-10T15:25:57","modified_gmt":"2023-09-10T15:25:57","slug":"car-market-witnesses-68-decline-in-sales-over-7-months","status":"publish","type":"post","link":"https:\/\/autoclub.app\/blog\/en\/car-market-witnesses-68-decline-in-sales-over-7-months\/","title":{"rendered":"Car Market Witnesses 68% Decline in Sales over 7 Months"},"content":{"rendered":"

Car Market Witnesses 68% Decline in Sales over 7 Months<\/h1>\n

During the past 7 months, the car market experienced a substantial downturn, with a notable decline of 68% in sales. The Automotive Information Council (AMIC) report reveals that sales plummeted to approximately 43.1 thousand cars, a stark contrast to the 135 thousand cars sold during the same period in the previous year, 2022.<\/p>\n

A significant contributing factor to this decline is the 69% drop in “owner” car sales, as outlined by the report. Specifically, around 31.8 thousand cars were sold, significantly less than the 101.5 thousand cars sold in the previous year.<\/p>\n

The bus and truck segments also encountered setbacks. Bus sales declined to 4.5 thousand buses, marking a 56.1% decrease compared to the 10.3 thousand buses sold in 2022. Similarly, truck sales dwindled to approximately 6.7 thousand units, down from 23.2 thousand units during the comparative period, signifying a 23.2% decline.<\/p>\n

AMIC’s data encompasses most local brands, but certain brands, predominantly German and their subsidiaries, are excluded from their calculations.<\/p>\n

Nissan Leads, Chevrolet and Chery Follow<\/h2>\n

Amidst these challenges, Nissan emerged as the leader, dominating sales in the first 7 months of the year by selling about 6.9 thousand cars, commanding a market share of 16.2%. Chevrolet secured the second position, capturing a market share of approximately 12.7%, translating to a total of 5.4 thousand cars sold. Chery-Gabbour, a Chinese brand, held the third spot with a market share of around 11.4%, and sales reaching 4.9 thousand cars.<\/p>\n

\"car<\/p>\n

Toyota remained steadfast in the fourth place, boasting a market share of about 9.4%, selling over 4,000 cars. Renault followed in fifth place, achieving a market share of about 7.1% and selling over 3,000 cars.<\/p>\n

Brands like BYD and Suzuki experienced a surge in their market shares, capturing 6.3% and 6.1% respectively. The MG brand secured the eighth rank with a 4.2% market share, selling around 1.8 thousand cars. Hyundai also maintained a 4.2% market share in the ninth position, with sales totaling 1.8 thousand cars. However, brands like Kia and Mitsubishi witnessed a dip in their market positions.<\/p>\n

\"car<\/p>\n

The Opel brand retained its twelfth rank with a market share of about 2.2%, selling 961 cars. Other brands collectively held a 12.3% market share, accounting for total sales of 5.3 thousand cars in the first 7 months of the year.<\/p>\n

June Sales and Insights<\/h3>\n

The previous June marked a milestone, as approximately 6.2 thousand cars were sold, signifying a 50.7% drop compared to the same month the prior year. Interestingly, July 2022 reported sales of 12.7 thousand cars, highlighting the sharp decline.<\/p>\n

The AMIC report underlines a noteworthy decline in “owner” car sales, with only 4.9 thousand cars sold in July, compared to 8.8 thousand in the previous year – an approximate 44.5% decline. Similarly, bus sales hit a low, dropping to 566 buses from about 1.3 thousand buses in July 2022, a 57.1% decrease. Truck sales followed suit, recording 797 trucks, compared to 2.5 thousand units in the same period the prior year, indicating a 68.8% decrease.<\/p>\n","protected":false},"excerpt":{"rendered":"

Car Market Witnesses 68% Decline in Sales over 7 Months During the past 7 months, the car market experienced a substantial downturn, with a notable decline of 68% in sales. The Automotive Information Council (AMIC) report reveals that sales plummeted to approximately 43.1 thousand cars, a stark contrast to the 135 thousand cars sold during …<\/p>\n","protected":false},"author":2,"featured_media":1944,"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\/1952"}],"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=1952"}],"version-history":[{"count":3,"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/posts\/1952\/revisions"}],"predecessor-version":[{"id":1955,"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/posts\/1952\/revisions\/1955"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/media\/1944"}],"wp:attachment":[{"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/media?parent=1952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/categories?post=1952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/tags?post=1952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}