Auto sales fell 4.9% m-o-m in July to 15.6k units from June’s 16.4k, according to figures from the Automotive Marketing Information Council (Amic) seen by EnterpriseAM. The dip comes after five straight months of gains which started in February, though July still marked the second-highest total vehicle count since June 2022.

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Partly driving the fall were passenger car sales, which declined 4.8% m-o-m to 12.1k units, and truck sales, which dropped 12.1% to 2.4k units. These dips were partially offset by a 14.3% m-o-m increase in bus sales to 1.1k units.

Despite the drop, sales are still way up over the longer term, with total vehicle sales rising 36.9% y-o-y in July. Passenger car sales climbed 23.7% y-o-y in July, bus sales grew 76.2% y-o-y, and truck sales increased 139.1% y-o-y.

REMEMBER- Auto sales saw a partial recovery last year, growing around 13.2% y-o-y with some 102.2k vehicles sold throughout the year. The rebound came after the market was able 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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