The passenger car industry is facing a decline in wholesale volumes for the first time in 30 months, with August expected to see a 2.5-3% drop year-on-year. Rising inventory and a lack of attractive new models are contributing to this downturn. The sector is projected to dispatch around 350,000-355,000 units, down from 359,000 in August 2023. Despite nearly two dozen new SUV models launching, experts anticipate limited impact on overall sales. A recovery is expected in October with the festive season.
