FADA Journal - March 2017

COMMERCIAL VEHICLE SALES - FEBRUARY 2017

Domestic Sales Feb-17 Feb-16 Growth Y-o-Y (%) Exports Feb-17 Feb-16 Growth Y-o-Y (%)
- 5- 831 963 -13.71
OEM OEM 19 26 -26.92
AMW Motor 13,236 12,443 6.37 Ashok Leyland 6 - -
Ashok Leyland 2,008 Force Motors -16.58
Force Motors 159 1,886 6.47 Isuzu Motors 1,494 1,791 -
Isuzu Motors Mahindra 43 - -
Mahindra 16,383 40 297.50 Maruti Suzuki - -20.00
Maruti Suzuki 136 Piaggio Vehicles 56 20 0.30
Piaggio Vehicles 258 13,864 18.17 SML Isuzu 70 -18.01
SML Isuzu Tata Motors 4,722 4,708 -6.40
Tata Motors 1,089 VECVs - Eicher 551 672
VECVs - Eicher 28,722 Total 8,250
VECVs - Volvo 4,828 7,722
Total
120 --
66,939
424 -39.15 M&HCVs (Domestic Sales + Exports)

940 15.85 Category Feb-17 Feb-16 Growth Y-o-Y (%)
Passenger Carriers 5,154
Goods Carriers 28,953 5,430 -5.08

28,397 1.14 26,958 7.40

4,264 13.23 Total M&HCVs 34,107 32,388 5.31

96 25.00 LCVs (Domestic Sales + Exports)
62,359 7.34
Category Feb-17 Feb-16 Growth Y-o-Y (%)
6.04
Domestic Sales + Exports Passenger Carriers 4,422 4,170 6.11

OEM Feb-17 Feb-16 Growth Y-o-Y (%) Goods Carriers 36,132 34,051
5-
Total LCVs 40,554 38,221 6.10

AMW Motor -

Ashok Leyland 14,067 13,406 4.93

Force Motors 2,027 1,912 6.01

Isuzu Motors 165 40 312.50

Mahindra 17,877 15,655 14.19

Maruti Suzuki 179 --

Piaggio Vehicles 258 444 -41.89

SML Isuzu 1,145 1,010 13.37
33,105 1.02
Tata Motors 33,444 8.97 Segment wise (Domestic Sales + Exports)
4,936 25.00
VECVs - Eicher 5,379 96 5.74 Category Feb-17 Feb-16 Growth Y-o-Y (%)
34,107 32,388 5.31
VECVs - Volvo 120 70,609 M&HCVs 40,554 38,221 6.10
LCVs
52
Total 74,661 Total 74,661 70,609 5.74

Source: SIAM

March 2017

THREE-WHEELER SALES - FEBRUARY 2017

Domestic Sales Feb-17 Feb-16 Growth Y-o-Y (%) Exports Feb-17 Feb-16 Growth Y-o-Y (%)
2,837 25
OEM 16,822 3,356 -15.46 OEM 154 -83.77
Atul Auto 3,426 Atul Auto 11,681
Bajaj Auto 11,206 22,619 -25.63 Bajaj Auto 280 14,770 -20.91
Mahindra 421 Force Motors Ltd 84
Piaggio 644 3,766 -9.03 Mahindra 992 168 66.67
Scooters India Piaggio
TVS Motor 35,356 13,036 -14.04 TVS Motor 4,579 110 -23.64
Total 17,641
Total 715 -41.12 1,118 -11.27

1,464 -56.01 6,855 -33.20

44,956 -21.35 23,175 -23.88

Domestic Sales + Exports

OEM Feb-17 Feb-16 Growth Y-o-Y (%)

Atul Auto 2,862 3,510 -18.46

Bajaj Auto 28,503 37,389 -23.77

Force Motors Ltd 280 168 66.67

Mahindra 3,510 3,876 -9.44 Segment wise (Domestic Sales + Exports)

Piaggio 12,198 14,154 -13.82 Category Feb-17 Feb-16 Growth Y-o-Y (%)

Scooters India 421 715 -41.12 Passenger Carrier 42,430 58,467 -27.43
Goods Carrier 10,567 9,664 9.34
TVS Motor 5,223 8,319 -37.22

Total 52,997 68,131 -22.21 Total 52,997 68,131 -22.21

TOTAL VEHICLE SALES SUMMARY (DOMESTIC SALES + EXPORTS) - FEBRUARY 2017

CATEGORY Feb-17 Feb-16 Growth Y-o-Y (%)

PASSENGER VEHICLES 317,678 292,253 8.70
TWO-WHEELERS 1,559,576 1,527,771 2.08
COMMERCIAL VEHICLES 5.74
THREE-WHEELERS 74,661 70,609 -22.21
QUADRICYCLES 52,997 68,131 8.33

52 48

TOTAL 2,004,964 1,958,812 2.36

Source: SIAM

TRACTOR SALES - FEBRUARY 2017

SALES Feb-17 Feb-16 Growth Y-o-Y (%)

Domestic Sales 34,492 32,096 7.47
Exports 6,445 6,208 3.82
Total (Domestic + Exports) 6.87
40,937 38,304

Source: TMA

53 March 2017







NADA Musings

The Gap Between New and Used Car Loans Hits A Record High

$11,000 is the difference in the average loan for a new vehicle the average used vehicle monthly loan payment climbed just
compared to the average loan for a used model in the US auto $5 in the fourth quarter, to a total of $364.
market, according to Experian, which tracks how consumers With vehicle prices and monthly payments rising, consumers
are paying for the cars and trucks they're buying. in US are taking out longer auto loans. In fact, in the fourth
In the fourth quarter, the average amount borrowed to pay quarter, almost a third of the auto loans written were for a
for a new vehicle jumped more than $1,000 to hit a total of term of at least six years. By comparison, the number of
$30,621. That is $11,292 more than the average loan for a borrowers scheduled to pay off their new car or truck in less
used vehicle during the same period. than five years continues to drop, with just 18.7 per cent of
It's also a record gap between the amount that is borrowed the loans having terms of 49 to 60 months.
for new and used auto loans, according to Melinda Zabritski, All these increases in vehicle prices and auto loans have
Experian's senior director of automotive finance. She blames sparked renewed chatter that some borrowers may be getting
the growing gap on the rising cost of new vehicles. over-extended.
“This upward trend is causing many consumers to find Experian said that 2.44 per cent of borrowers were 30-days
alternative methods like extending loan terms, getting a delinquent on repaying their loan in the fourth quarter, which
short-term lease or opting for a used vehicle to get what they is up slightly compared to the same time as 2015. By
want, while staying within their monthly budget,” said Zabritski. comparison, the percentage of loans with 60-day
As it is, monthly payments continue to edge higher. Experian delinquencies edged up to 0.78 per cent.
said the average new vehicle loan repayment is now $506, up The slight increases have lenders being more selective with
$13 compared to the same time a year ago. By comparison, those getting auto loans, said Zabritski.

Survey: 78% of Americans Fear Riding in Self-Driving Car

A survey released recently by AAA said, 78% per cent of “This marked contrast suggests that American drivers are ready
Americans are afraid to ride in a self-driving vehicle. to embrace autonomous technology, but they are not yet
The organization did the survey last year as well and said ready to give up full control,” the AAA press release said.
people's fear is unchanged this year. The AAA survey also said 54% of US drivers feel less safe at
Another finding from the survey showed that 59% of drivers the idea of sharing the road with a self-driving vehicle, while
wanted autonomous technologies in their next vehicle. 10% said they would feel safer.

Watchdog Looks at Whether EPA Tests Can Be Fooled

A US government watchdog at the Environmental Protection The OIG announcement comes months after Volkswagen’s
Agency plans to do preliminary research to determine whether diesel-testing scandal, in which the automaker admitted
the agency’s internal controls are effective at detecting and in 2015 to cheating emissions tests for millions of diesel
preventing vehicle emissions fraud. cars worldwide. In the wake of the scandal, the EPA said
The Office of the Inspector General (OIG) said, it would focus it would conduct more spot checks of light-duty cars and
its research on the National Vehicle and Fuel Emissions trucks.
Laboratory (NVFEL) in Ann Arbor and other divisions in the The Office of the Inspector General also said it would reach
Office of Transportation and Air Quality within the EPA’s Office out to enforcement officials to determine how they support
of Air and Radiation to evaluate the effectiveness of the EPA’s the emissions testing program.
existing internal controls for its on-road vehicle testing program. The office requested documents related to the internal-
NVFEL conductsfuel economy testing on some vehicles annually control practices of the emissions testing program,
to ensure their performance matches the mileage and procedures for auditing manufacturer-submitted data, and
emissions data automakers submit. The lab operates a partnership agreements with state or foreign agencies, such
certification program to ensure that vehicles meet emissions as Environment Canada and the California Air Resources
standards set by the EPA. Board

57 March 2017