Auto sales up by 12% MoM; PSMC hauls YoY passenger cars sales

• Total industry sales, comprising of passenger cars, LCVs, pickups, jeeps and farm tractors, witnessed a 12% MoM growth to 23,523 units in May12 from 21,093 units in Apr12. The 11mo FY12 sales, however, remained stagnant.

• Passenger car sales witnessed a growth of 12% YoY to stand at 121,228 units in 11mo FY12, against 108,588 units in 11mo FY11.

• LCVs, jeeps & pickups section showed a surge in sales of 27% YoY to 38,747 units in the 11mo FY12, as compared to 30,391 units in the corresponding period of last year.

• Farm tractors sales declined to 41,377 units in 11mo FY12 from 62,251 units in the corresponding period of last year. However, on a MoM basis, sales are up by 10%.

Auto sales up by 12% MoM; PSMC hauls YoY passenger cars sales