Sales Dip : Discounts Rise

In India, no one is buying cars anymore.Global slowdown has finally hit car manufacturers in India, forcing them to go for high discounts strategy to boost sales and reduce inventory.
It is like a repeat of what we witnessed in the second half of 2008 when the global crisis hit. And discount game is not limited to less popular cars.Bestsellers such as Maruti's SX4, WagonR and hyundai  i10 are hitting new low in sales price last month.

The sales slowdown has spared no one.Diesel vehicles and luxury car companies are feeling the heat, perhaps for  the first time in India.

• Number of Unsold Petrol cars as of May 2012-          193,100
• Number of Unsold Diesel cars as of May 2012-          107,800
• Car Sales growth in May 2012 slowest in 7 months -   2.8%

			SALES
Cars		Discounts **		May’11	May’12		Growth in May 2012
Maruti SX4		70000		2702	405		-85%
Maruti Ritz		50000		6071	3574		-41.1%
Maruit WagonR		50000		12736	7101		-44.2%
Maruti Alto		45000		25939	20724		-18.4%
Hyundai i10		47500		11538	6959		-39.7%
Hyundai Santro		40000		6675	4192		-37.2%
Honda City		35000		1828	3753		+105.35%
Honda Accord		125000		115	38		-67.0%
Chevrolet Spark		30000		3017	730		-48.0%
Chevrolet Aveo		62000		196	21		-89.3%

                                                                                                                      ** In Indian Rupee (INR)

   

Bargain hard and smart and the dealer would sweeten the deal even more. Excess stock is always a boon for consumers.If you have benn dreaming cars,wake up.This may be the best time to buy.

Regards
Raghav,New Delhi
Delight