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FY14: 3rd sub-par year for passenger vehicle sales

Posted by fairval on January 10, 2014

FY14 is likely to see passenger vehicle sales end negative. Sale growth has been pretty anemic in the previous 3 years also, making it the third year in a row where volume growth will be less than the long term trend rate of 12%.

Since 1996, this has happened only once before, in the FY01-FY03 period; that time the bite was more vicious. Never have we seen 4 years of sub par sales. Will FY15 revert to > 12% volume growth?



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