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Automobile Companies experiencing slowdown in car sales

Slowdown in car sales, this year has forced many large automobile industries to take a step back. It is not at all any kind of assumption but the implication of the August sales report 2019. Though high flying cars have been launched in the first half of this year, still the diminishing rate could not be handled.


Key points 

Automobile industries that are suffering considerable losses in the first nine-month include promising names like

The reason behind the slowdown in car sales

What do Auto Experts say?

As per the statements of Automotive Skill Development Council’s President Nikunj Sanghvi – the customer of today is willing to invest in the vehicle, but the high-flying rates are forcing him to wait a bit more.

On the other hand, economic slowdown and demonetization, both these factors are termed responsible for auto sale reduction by Avanteum Advisor, V.G. Ramakrishnan. Even the high technology and new classy features could not lure the customers for purchasing cars.

The slowdown in car sales was in the picture from last year, and the weak demand from the customers could not help out the industries to pass the tough time. Measures are being taken to bring positive results with replacing diesel engines and raising competition bar. Also, the arrival of festivals might bring some good news and numbers in the next sales report.

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