Carmakers offer discounts to clear 2023 stock
Financial Express Mumbai|February 14, 2024
UNSOLD STOCK OF cars made in 2023 has prompted dealers and automakers to offer unusually high discounts to clear the inventory.

Carmakers were pumping stocks throughout November and December in the hope that retail demand would clear the inventory. However, overstocking has led to a sharp spike in consumer offers which market watchers say are 15-20% higher than those offered in December.

Dealers claim that almost every car model is being offered at a discount, including those that are said to have a waiting period. Cars made in the previous year traditionally struggle to find takers in the new year as they get valued lower at the time of resale.

هذه القصة مأخوذة من طبعة February 14, 2024 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة February 14, 2024 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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