May vehicle sales increase by 7.5%

May vehicle sales increase by 7.5%

Vehicle sales reached 966 units in May, marking a 7.5% month-on-month increase from the 899 units sold in April 2024. However, this figure represents a slight decline compared to the 982 units sold in May 2023. Commercial vehicles continue to drive sales in the market, according to Simonis Storm Economist, Halleluya Ndimulunde.

June 17, 2024 39

Business / Economics

February 2024 Vehicle Sales Stable Year-on-Year, Surge Month-on-Month

In February 2024, total new vehicle sales remained steady, reaching 1,102 units, almost matching the figures from the previous year, which stood at 1,103 units. This represents a slight contraction of 0.1% year-on-year but marks a significant increase of 16.0% month-on-month. Economist Halleluya Ndimulunde from Simonis Storm provides insights.

March 20, 2024 36

Science & Technology

In the market for a car? Soon you’ll be able to buy a Hyundai on Amazon − and only a Hyundai

Hyundai and Amazon announced a big partnership in November 2023. Robyn Beck/AFP/Getty Images Vivek Astvansh, McGill University This is the year you can finally buy a car on Amazon. Well, one kind. Eventually. On Nov. 16, 2023, at the Los Angeles Auto Show, Amazon and Hyundai made a big announcement: Starting sometime in 2024, a new pilot program would let shoppers not only browse Hyundai cars on Amazon.com but pay […]

January 29, 2024 44