New car sales lost momentum in June after bouncing back hard over the early months of 2021.
According to the Federal Chamber of Automotive Industries (FCAI), 110,664 new cars were sold in June, up only 0.4% from June last year and 6.1% lower than June 2019.
The next chart plots new car sales in rolling annual terms and shows the loss of sales momentum following the strong rebound after sales bottomed in October 2020:
