stockpile

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

$350B in pandemic savings was supposed to give the economy a huge boost. It still hasn’t happened

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0B in pandemic savings was supposed to give the economy a huge boost. It still hasn’t happened

After the pandemic hit in 2020, some business owners and households were hard hit financially as a result of lockdown measures. But at the same time, many Canadians saw their bank accounts grow because of their reduced spending. Those savings ballooned to over $300 billion and became so large that economists expected there would be … Read more