Automotive Distributors Association published its reports for May. Despite the price increases in the market, May did not go as bad as expected. Compared to 2021, there was a 12 percent decrease in the automobile and light commercial vehicle market in January and May. However, when examined as May, a 20 percent increase was observed in May 2022 compared to May 2021, despite the increasing automobile prices.
increased in May, and 65 thousand 167 automobiles and light commercial vehicles were sold
When the January and May periods are analyzed, 89.4 percent of automobile sales are A, with lower tax rates to other segments. It consists of cars in the B and C segments. According to the Automobile and Light Commercial Vehicle Market Evaluation Report published by the Automotive Distributors Association, a total of 65 thousand 167 sales were realized in May 2022, an increase of 19.1 percent compared to May 2021.
While automobile sales were realized as 51 thousand 750 units with an increase of 20 percent, light commercial vehicles were sold 13 thousand 417 units with an increase of 15.7%. When we look at the engine cylinder volume, there was a 15.8 percent decrease in the sales of cars under 1600cc in January and May. There is a 40.5 percent decrease in cars between 1600 and 2000 cc.
SUVs make up 40 percent of the market share
As of this year, 89.4 percent of the automobile market was made up of vehicles in the A, B and C segments. As of this year, SUV vehicles account for 40 percent of the market share. Sedan vehicles are in the second place with 35 percent, while hatchback vehicles are in the third place with 22 percent.
What are your thoughts on this latest situation in the automobile market? What kind of process do you think awaits us in the future? We are waiting your comments.
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