Cars And Tractors See Uptick Even As Retail Auto Sales Contract For Second Straight Month

Passenger vehicles and tractors saw an uptick in sales at dealerships even as overall retail demand contracted for the second straight month in May despite curbs being eased in the third and fourth phases of the lockdown.Vehicle registrations, a measure of sales at dealerships, fell 48.6% sequentially and 89.4% year-on-year to 1.93 lakh units in May, according to data from 1,225 regional transport offices in 32 states and union terri...