Auto Sales Almost Halved In October

Automotive Distributors Association (ODD), announced the sales figures of automobiles and light commercial vehicles for October. The data disclosed is in the automotive sector. a very serious contraction shows what happened. So much so that the total automotive sales in October were recorded as 56 thousand 746 units. While 40 thousand 512 of these were automobiles, light commercial vehicle sales were 16 thousand 234. These numbers It means a 40.1% decrease compared to October 2020.

Although the announced data seem to be negative, when we look at the January-October period, This year has been a little more hectic. We see. Because the total number of sales in the January-October 2021 range was 614 thousand 891 units. This rate is 4.5 percent higher than the same period last year. Increase in automobile sales compared to the same range last year 2.2 percent while light commercial vehicle sales increased by 13.2%.

The numbers reveal that the last 10 years have had the worst October

According to the data announced by ODD, October 2021 is the last 10 years. worst october went down in history. Because last month’s sales figures revealed a 13.8% contraction. When we reduce this data to cars only, this time too 19.6 percent contraction we see it happening. However, we cannot say the same for the light commercial vehicle market. Because light commercial vehicle sales in October 2021 were 5.2 percent higher than the average of October for the last 10 years.

Automotive sales figures for January-October, citizens tend to lower tax rates reveals. Because the automobile sales realized in this process 54.9 percent of C segment vehicles formed. 30.8 percent of the market dominance appeared as B segment vehicles.