SML Isuzu has disclosed its sales performance for November 2024, revealing a notable decline in monthly sales compared to the same period last year, while year-to-date sales from April to November 2024 registered modest growth, showcasing a mixed performance.
November 2024 Sales Highlights:
- Cargo Vehicles: 235 units sold, reflecting a sharp 21.7% decline compared to 300 units sold in November 2023.
- Passenger Vehicles: 304 units sold, down 12.4% from 347 units in the same period last year.
- Total Sales: 539 units, marking a 16.7% drop compared to 647 units sold in November 2023.
Cumulative Performance (April-November 2024):
- Cargo Vehicles: 2,508 units sold, a 1.9% increase from 2,461 units in the same period of 2023.
- Passenger Vehicles: 6,459 units sold, showing a 4.3% growth compared to 6,192 units last year.
- Total Sales: 8,967 units, a 3.6% rise from 8,653 units during April-November 2023.
The decline in November sales weighed on the stock, leading to a drop of over 3% in its share price. However, the year-to-date growth reflects some resilience, primarily driven by improvements in the passenger vehicle segment over the extended period.
