car inventory

car discounts: Double-whammy for India’s car dealers: Rising inventory and increasing demand for discounts

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car discounts: Double-whammy for India’s car dealers: Rising inventory and increasing demand for discounts

Stung by leftover inventory and unsure about consumer spending, India’s auto dealers are worried about having to discount more to boost demand in the upcoming festive season, a representative of the dealers’ body said on Thursday. The double whammy of higher inventory costs and deeper discounts is a nightmare for auto dealers as that has … Read more

car inventory: Car dealers may end up with ₹44,000 crore worth of inventory as demand cools off

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car inventory: Car dealers may end up with ₹44,000 crore worth of inventory as demand cools off

Carmakers expect to face a record stockpile of 400,000 vehicles worth ₹44,000 crore by this month-end as demand cools in India after a 3-year run of scorching sales. With car despatches to dealers outpacing demand, passenger vehicle registrations, taken as a proxy for retail sales, are also expected to fall by 5% in May from … Read more