Shriram Mobility Bulletin: June 2024 Reveals Tumultuous Trends in Logistics and Auto Sector

The June 2024 Shriram Mobility Bulletin highlights significant challenges and trends in the logistics and automobile sectors. Key points include a notable decline in passenger vehicle sales, high inventory levels at dealerships, and varying truck rentals across routes. Prices of used commercial vehicles have risen, driven by supply shortages and increasing demand.

The June 2024 edition of the Shriram Mobility Bulletin reveals notable challenges and trends in the logistics and automobile sectors. The bulletin, released today, shows a significant drop in passenger vehicle sales, a rise in the prices of used vehicles, and high inventory levels at dealerships.

According to the bulletin, motor car sales declined by 9%, while fuel consumption for petrol and diesel dropped by 5% in June 2024. Inventory levels at vehicle dealerships are currently at an all-time high, ranging from 62 to 67 days. Used truck prices, which had risen sharply year-over-year, showed some cooling in June.

Additionally, truck rentals exhibited mixed trends, with a 2.6% decrease on the Mumbai-Kolkata-Mumbai route but a 4.1% increase on the Kolkata-Guwahati-Kolkata route. The demand for used commercial vehicles has spiked, particularly for 31 to 36-ton capacity vehicles, which saw a 43% year-over-year increase in prices.