Auto sales bounced back in August after July’s decline, rising 12.7% m-o-m to 17.6k units, up from 15.6k sold in July, according to figures from the Automotive Marketing Information Council (AMIC) seen by EnterpriseAM. This marks the first time sales have breached the 17k threshold since June 2022, reinforcing the recovery momentum that began earlier this year despite July’s brief pause.

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Passenger cars led the rebound, climbing 36.6% m-o-m to 13.3k units. Truck sales also saw a solid 26.2% increase to 3.1k units, while bus sales grew a more modest 8% to 1.2k units.

The recovery looks even stronger on an annual basis, with total vehicle sales up 75.4% y-o-y in August. Passenger car sales jumped 59.7% y-o-y, bus sales more than doubled, up 102.6% y-o-y, and truck sales nearly tripled, climbing 180.6% 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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