hit tracker
Wednesday, October 4, 2023
HomeLatest NewsVehicle sales grow 8% in May by improving the pace of production

Vehicle sales grow 8% in May by improving the pace of production

Date: October 4, 2023 Time: 19:07:42

Sales of new passenger cars and SUVs recovered their rhythm during the month of May, increasing by 8.27%, with 92,025 registered units, and chained their fifth month on the rise, thanks to the improvement in production rates that allowed them to meet orders with more agility.

As reported this Thursday by the associations of automobile manufacturers, Anfac, and distributors, Faconauto and Ganvam, 404,337 units were registered in the first five months of the year, 26.9% more than in the same period of 2022, although sales they are still 28% below what they were in 2019, before the pandemic. Registrations increased in May in all channels compared to the previous year, although in the private sector, which concentrates the majority of registrations, the entry rate was low and sales were still one third below the rate prior to the pandemic.

Sales to individuals remain below 2019

Registrations increased in all channels, although in individuals, despite rebounding by 5.3% after the 1.9% year-on-year decrease that decreased in April, and reaching 36,495 units, its fall compared to 2019 was 33 %.

2019. The rental channel continued to show great strength for another month, with a year-on-year increase of 19% in May, reaching a total of 21,708 registrations. The growth of purchases by vehicle rental companies was already 78.4% in the first five months of the year compared to the same period of the previous year and totaled 75,692 registrations.

The channel with the most registrations until May was that of individuals, with 165,425, 16.8% more than in the first five months of 2022, closely followed by that of companies, with 163,220 units and an increase of 21.4%. The most sold brand in the month of May was Toyota, with 7,842 units, followed by Peugeot, with 6,689, and Renault, with 6,638. In the first five months of the year, Toyota was also the brand that led sales, with 34,124 units, followed by Peugeot, with 29,711, and Seat, with 28,416.

By models, in May Dacia Sandero, with 2,813 registered units, snatched the first place in sales of passenger cars and SUVs from the Seat Arona, which, however, remained the leader in sales in the first five months of the year, with 11,697 cars sold.

By technology, registrations of electrified vehicles (electric plus plug-in hybrids) of all types (cars, two-wheelers, commercial and industrial) rose 55% in May, reaching 13,142 units, according to data from the Business Association for Development and Promotion of Electric Mobility (Aedive) and Ganvam.

In May, 11.4% of passenger car registrations corresponded to electrified models, and in the year sales of all types of electrified vehicles accumulated an increase of 36.7%, up to 54,093 units. Registrations of 100% Electric Vehicles of All Types Raised 94.3% In May, With A Total Of 7,082 Registered Units, Yin The First Five Months Of The Year The Crash Was 45.4% And Sales Reached 28,751 Units.

On the other hand, sales of plug-in hybrid vehicles increased by 25.4% in May, with a total of 6,060 units, adding both passenger cars and vans and heavy industrial vehicles, and accumulated an increase of 28% in the year.

The sales forecast is extended to 950,000 units

The director of Communication and Marketing of Anfac, Félix García, has said that they hope that the year can close with around 950,000 registered units, 25,000 more than the most optimistic forecast they have in January.

25% below the sales made in 2019, so the goal of reaching one million sales is not expected to be reached in 2023 but in 2024.

The director of Communication of Ganvam Tania Puche pre-pandemic.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

Most Popular

Recent Comments