{"id":17062,"date":"2018-05-14T17:32:27","date_gmt":"2018-05-14T15:32:27","guid":{"rendered":"http:\/\/www.ijg-research.net\/?p=17062"},"modified":"2018-05-14T17:32:27","modified_gmt":"2018-05-14T15:32:27","slug":"new-vehicle-sales-april-2018","status":"publish","type":"post","link":"https:\/\/ijg.net\/research\/new-vehicle-sales-april-2018\/","title":{"rendered":"New Vehicle Sales \u2013 April 2018"},"content":{"rendered":"

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825 New vehicles were sold in April, which represents a 27.8% m\/m decrease from the 1,142 vehicles sold in March, and is down 14.0% from April 2017 when 959 vehicles were sold. Year-to-date 3,886 vehicles have been sold of which 1,829 were passenger vehicles, 1,888 light commercial vehicles, and 169 medium and heavy commercial vehicles. On a twelve-month cumulative basis, vehicle sales continue to wither with a total of 12,675 new vehicles sold as at April 2018, down 16.6% from the 15,202 sold over the comparable period a year ago, and the lowest since January 2012.<\/p>\n

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A total of 373 new passenger vehicles were sold during April, decreasing by a substantial 27.9% m\/m and 8.8% y\/y. Year-to-date passenger vehicle sales rose to 1,829, reflecting lower sales than the preceding five years and a 9.4% decline from April 2017. On a rolling 12-month basis, passenger vehicle sales are at their lowest level since December 2011.<\/p>\n

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Commercial vehicle sales have declined to 452 units, representing a 27.7% m\/m and 17.8% y\/y contraction. During April, 397 light commercial vehicles, 25 medium commercial vehicles, and 30 heavy commercial vehicles were sold. On an annual basis, light commercial vehicle sales have declined by 21.4%, medium commercial sales, however, increased by a staggering 78.6%, while heavy and extra heavy sales have contracted by 3.2%. On a twelve-month cumulative basis, light commercial vehicle sales remain depressed, decreasing by 18.9% y\/y, while medium commercial vehicle sales increased by 5.9% y\/y and heavy commercial vehicle sales increased by 1.1% y\/y.<\/p>\n

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Year-to-date, Toyota and Volkswagen continue to maintain their strong hold on the passenger vehicle market based on the number of new vehicles sold, claiming 37.1% and 28.0% of the market respectively. They were followed by Hyundai and Mercedes at 5.2% and 4.7% respectively, while the rest of the passenger vehicle market continues to be shared by several competitors.<\/p>\n

Toyota also remains the leader in the light commercial vehicle space with a 58.1% market share, with Nissan in second place with a 15.3% share. Ford and Isuzu claimed 8.1% and 6.6% of the number of light commercial vehicles for the year, respectively. Hino leads the medium commercial vehicle category with 40.3% of sales while Scania remains number one in the heavy and extra-heavy commercial vehicle segment with 22.7% of the market share year to date.<\/p>\n

The Bottom Line<\/strong><\/p>\n

Cumulative vehicle sales continue to contract on a rolling 12-month basis, and year-to-date figures are hovering around 2011 levels.<\/p>\n","protected":false},"excerpt":{"rendered":"

825 New vehicles were sold in April, which represents a 27.8% m\/m decrease from the 1,142 vehicles sold in March, and is down 14.0% from April 2017 when 959 vehicles were sold. Year-to-date 3,886 vehicles have been sold of which 1,829 were passenger vehicles, 1,888 light commercial vehicles, and 169 \u2026 Continue reading → <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,20],"tags":[],"class_list":["post-17062","post","type-post","status-publish","format-standard","hentry","category-economicresearch","category-vehiclesales"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/17062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/comments?post=17062"}],"version-history":[{"count":1,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/17062\/revisions"}],"predecessor-version":[{"id":17068,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/17062\/revisions\/17068"}],"wp:attachment":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/media?parent=17062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/categories?post=17062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/tags?post=17062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}