Autos: Resilient YoY recovery in Dec-2024 volumes – By JS Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We expect the recovery in auto sales for the 3-major auto companies to continue in Dec-2024, clocking in at around ~8k units, reflecting a 50% YoY increase. On a MoM basis, however, auto sales are projected to decline by 8%, primarily due to the typical year-end slowdown as customers defer purchases, to opt for new year&rsquo;s models.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Cumulatively, auto sales for the three major companies are projected to reach 49.6k units, reflecting a 46% YoY increase during 1HFY25. This growth is primarily attributed to a stable exchange rate, uninterrupted operations with fewer plant shutdowns, and attractive promotional deals at lower rates offered by both man...