Auto sales slip in January: Auto sales in January fell 22% m-o-m to 10.1k, down from December’s two-year high of 13k, according to figures from the Automotive Marketing Information Council (AMIC) seen by EnterpriseAM. The figure marks the end of a four-month rebound in monthly vehicle sales that began in October 2024, which had broken a two-month streak of declines following four months of growth between April and July.

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Passenger car sales drove the drop: Passenger car sales saw a 28.4% m-o-m decrease in January to 7.6k vehicles. Bus sales saw a similar drop, with a 26.7% m-o-m dip to 698 buses. Trucks were the sole segment to see an m-o-m increase, rising 29.2% to record 1.8k units.

On a yearly basis: Total auto sales in January were up 61.4% y-o-y from the same period last year, with all three segments seeing growth. Passenger car sales were up 58.2% y-o-y, bus sales saw a 33.7% y-o-y jump, and truck sales rose 93.2% y-o-y.

REMEMBER- Auto sales saw a rebound 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.

The figures don’t quite tell the whole story: AMIC figures reflect data contributed by member distributors, who include most, but not all, industry participants.

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