Vehicle Sales Note October 2022
A total of 996 new vehicles were sold in Oct ’22, below the 1,000 units posted in Aug and Sep ’22. Nonetheless, vehicle sales increased 39.5% y/y but fell 2.2% m/m. This is the strongest growth since May ’21 (68.5%), but is in line with the y/y growth figures of the last two months. Passenger vehicle sales remain weak, with the growth carried by commercial vehicles (530 units) – indicative of the early phase of the economic recovery.
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