Vehicle Sales Note July 2021

New vehicle sales in Jul ‘21 contracted 5.1% m/m but increased 20.1% y/y. This growth should be taken in light of the fact that the country had a stringent stage 3 lockdown during the corresponding period in ‘20. Therefore, when comparing YTD sales to ‘19 figures, new vehicles sale decreased by -11.5% - amounting to 800 new vehicles sold in Jul ‘21.