Price cuts fail to put car sales on the fast track
[2008-12-23 17:04:27]
demand is sluggish owing to lack of financing options and expectations of further price cuts.
Saddled with huge
inventories
, worried dealers are demanding compensation from manufacturers on the loss of business margins. The October-December 2008 quarter is expected to be the worst for the industry with a 20-25% drop in volumes, sources said.
While enquiries and footfalls have increased over the last one week, it has yet to translate into sales. “Consumers seem to be postponing purchases hoping for some more price reductions,??said a Mumbai-based car dealer.
Source: 中华汽配网
Keywords:AUTO; vehicles; Engine
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