Prolonged slowdown: Feb auto sales at a new low due to poor demand

Dealers are looking to cut down on their inventory in March and April

The February sales for the auto industry fell to a new low as weak consumer demand continues into a sixth straight month.

Total sales in retail declined by 8.06 per cent, whereas wholesale sales have dropped 3.05 per cent, according to data from the Society of Automobile Manufacturers Association ( SIAM). In retail, passenger car sales dropped by 8.25 per cent, while two-wheeler and commercial vehicle sales dropped by 7.97 per cent and 7.08 per cent respectively. Dealers said inventory levels across all categories are now unsustainable.

According to the Federation of Automobile Dealers Associations (FADA) total auto sales in