MONTH-ON-MONTH FALL

Finweek English Edition - - Economictrends -

THERE WAS a month-on-month fall in pas­sen­ger ve­hi­cle sales, as the graph shows. But be­cause monthly ve­hi­cle sales aren’t sea­son­ally ad­justed for fac­tors such as Christ­mas, Easter and pur­chases by ve­hi­cle rental com­pa­nies, sales are usu­ally looked at on an an­nual ba­sis. Stan­lib says the dis­as­trous ve­hi­cle sales last year cre­ated a very low base of ac­tiv­ity in the in­dus­try.

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