The passenger car industry is facing a decline in wholesale volumes for the first time in 30 months, with August expected to see a 2.5-3% drop year-on-year. Rising inventory and a lack of attractive new models are contributing to this downturn. The sector is projected to dispatch around 350,000-355,000 units, down from 359,000 in August 2023. Despite nearly two dozen new SUV models launching, experts anticipate limited impact on overall sales. A recovery is expected in October with the festive season.
from Auto-Industry-Economic Times https://ift.tt/btTEJNY
Subscribe to:
Post Comments (Atom)
iPhone 18 Pro Series to Feature Variable Aperture Cameras: Ming-Chi Kuo
Apple launched its iPhone 16 lineup two months ago and rumours about the iPhone 17 are already in full swing. However, rumours about the iPh...
-
Samsung Galaxy S25 series, the next flagship phones from the South Korean tech brand is expected to be unveiled early next year. Samsung is ...
-
Carmakers and dealers are grappling with inventory levels amid slowing demand in India. The Federation of Automobile Dealers Associations (F...
-
Death Stranding Director’s Cut is now out on the App Store on iPhone, iPad and Mac computers. The surreal package delivery game from Kojima ...
No comments:
Post a Comment