Vehicle sales rose 4.3% m-o-m in February to 10.6k units, up slightly from 10.1k in January, according to figures from the Automotive Marketing Information Council (Amic) seen by EnterpriseAM. The figure marks a modest rebound from last month’s 22.0% drop, which ended a four-month rally that began in October following a summer slump.

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The passenger vehicle segment recorded the strongest growth in February, rising 7.1% m-o-m to 8.1k units. Bus sales fell for a second consecutive month, dropping 11.7% m-o-m to 616 units, while truck sales edged down 1.2% m-o-m to 1.8k.

On a yearly basis, total auto sales in February were up 42.8% y-o-y, with all three segments seeing growth. Passenger car sales rose 39.2% y-o-y, bus sales climbed 18.7%, and truck sales jumped 75.5% compared to the same period last year.

REMEMBER- Auto sales saw a partial recovery last year, growing some 13.2% y-o-y with some 102.2k vehicles sold throughout the year after the market got the chance to catch its breath after a turbulent period triggered by an FX crunch that limited supply in the market and gave distributors leverage to hike prices as they pleased.

A caveat to the numbers: Amic figures are sourced from member distributors, representing the bulk — but not the entirety — of the industry.

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