CAR SALES WILL DECREASE IN NEXT FEW MONTHS

CAR SALES WILL DECREASE IN NEXT FEW MONTHS

Financial year 2019 has come up with the bad news for the car market /automobile market

Automobile market of the current market has shown decrease in sales

Car sales decreased by 17%

This is the lowest sales since last 8 years

Reasons being uncertainty about election results,

Cash crunch,/ unavailability

People are trying to avoid or postpone the car purchase

April 2019 2.46 lacs cars sold in April 2018 the number was 2.98 lakh cars

As per the association SIAM this is the lowest sales figure since last so many months

October 2018 19.8 percent decrease was reported

February 2032 16.7% decrease was reported

April 2019 SIAM  has not declared exact values

In April 2019 

maruti Suzuki has reported decrease in it's car sales by 20% Hyundai cars decreaseed  by 10% Mahindra and Mahindra car has decreased by 9% and Tata motors has decrease its car sales by 27%

Nissan sales has decreased by 42% Volkswagen decrease by 38% Renault cars sales has been increased by 15% 

skoda car sales decreased by 20%

Maruti has reported sales decrease in all its car segment and car models

There will be high pressure on car sales in incoming months

If there election results are are favourable and budget is implemented properly then castles will increase again and then car industry automobile industry will be in good shape

Consumer sentiment has been weaken and lot of distributors have lot of stalk with them

Honda the only company whose cell has been increased by 20%

Next few months for the car sales will be a tougher one

There are few factors which are big obstacles

Petroleum oil prices

Uncertainty due to election results

Bs6 Bharat stage 6 norms for the diesel engine

New regulations 

These factor will impact on car sales