Retail-Auto-Sales
2020 Auto News News

Retail auto sales dive 87% in May amid lockdown

Retail sales of trucks and buses plummeted nearly 97% from a year earlier to just 2,711 vehicles, shows FADA data

Retail sales of passenger vehicles plunged 87% in May from a year earlier to 30,749 units as dealerships gradually reopened but the lockdown aimed at arresting the spread of the coronavirus pandemic and fears of contracting the infection kept most customers away.

Retail sales of trucks and buses recorded a bigger drop, falling nearly 97% from a year earlier to just 2,711 vehicles, showed data issued on Thursday by the Federation of Automobile Dealers Associations (Fada), as the nationwide lockda), as the nationwide lockdown stifled economic activity.

Read full news on livemint.com

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