Auto sales rise for fifth month in a row: Auto sales in June rose 14.8% m-o-m to 16.4k units from May’s 14.3k units, according to figures from the Automotive Marketing Information Council (Amic) seen by EnterpriseAM. This is the second month in a row that sales surpassed the 14k mark, and the highest monthly sales volume seen since June 2022, building on the rebound that began in February.

Passenger car sales rose 13.8% m-o-m to 12.7k units in June, extending the rebound in sales that started in February. Meanwhile, bus sales increased 25.1% m-o-m to 991 units, and truck sales also saw a healthy 15.8% m-o-m climb to 2.8k units.

Sales more than doubled compared to last year: Total vehicle sales surged 104.7% y-o-y in June from 8k units the year before. Passenger car sales jumped 95.9% y-o-y, truck sales surged 194%, and bus sales grew 61.7% over the same period.

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 following 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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