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Thread: Why auto market is slow

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    Default Why auto market is slow

    These days market is slump and every show room owner and sales persons are definitly thinking what to do.

    we have to discuss about the reasons of this "mandi"

    There are various reasons.

    1- Escalating prices of the vehicles.

    2- Huge amount of various taxes on vehicles.

    3- Many banks stop leasing the automobiles.

    4- Some banks are leasing but limmited nos.

    5- Most of the people can not afford to purchase.

    All depend upon the policies of the excisting government.

    Government should provide some relief to this industry by cutting dawn the amount of the taxes imposed on this industry. Also should encourage the banks and leasing companies and introduce such laws so that these organization could bring dawn their interest rates.
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    3- Many banks stop leasing the automobiles.

    4- Some banks are leasing but limited nos.

    I agree (Y)
    "Our coerced silence is the weapon that has been sharpened and brought to our throats" - Mohsin Hamid

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    wel acordin 2me dre r multiple factors effecting da market! in wich num 1 standz da leasing prob, many ppl aford n planned carz to buy via bank lease, diz iz how suddenly trafic incresed al ova our country! 2ndly cz ov da increment ov surplus taxes! n 3rd cz ov petrol pricez azvel! an ordinary person who wud hv bin planin 2 buy a mehran 4m bank lease wud drop da plan to buy it aftr seein al dez prezent aspectz! may b dez r da reznz acordin 2me...
    Addiction is bad... but it have exception when it comez to AUTOMOBILES!!!

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    Sign of the times. It's everywhere.
    Age is a very high price to pay for maturity.

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    Yeah and other than that june-august are the slowest months for business
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    People simply cannot offord cars that is why car market is slow ... what can a leasing comapny do when the earning of a person is goin down the drain

    Attention of people is now towards their own survival even a higher middle class person is goin down the drain so definately every thing does impact on car business
    Audi is like a disease once it gets in your blood there is no going back

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    IMO increase in prices of raw material and costly labor increase the costs which leads to increased prices. fixed costs also increasing coz of elec and gas problems. high interest rates and high taxes make it more costly.
    and now the banks not leasing to their full capacity has actually imparted bad effects on car market.
    "Our coerced silence is the weapon that has been sharpened and brought to our throats" - Mohsin Hamid

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    i think the biggest reason we missed here is also saturation.....i mean 1person wont buy now 10 cars already has3!....he wont keep 1 leg in civic and the other in a corolla whn going outside lol
    The future of Automobile...Mercedes-Benz S Class Saloon

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    @abdullah1

    hey bro! u reali think that market is saturated? Motorization level of Pakistan was sumwhere around 8% i guess a year back. I do think there's a lot of potential in auto market. Problems mainly r of economic nature. wa do u say?
    "Our coerced silence is the weapon that has been sharpened and brought to our throats" - Mohsin Hamid

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    Well...According to My knowledge My Driver Told me that the Last Sunday he went to Car Mandi pata nahi kahan lagta hain ....he said that Car ke prices bahut down ho gaye hain...Bcoz Ab logo k paas Money nahi hain k woh afford karain...So My vote goes to
    2- Huge amount of various taxes on vehicles.
    5- Most of the people can not afford to purchase.
    (¯`•¸·´¯)LOVE IS LIFE(¯`·¸•´¯)

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    In USA main reason is GAS PRICES
    Even if you are on the right track, you will get run over if you just sit there.

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    Im no economist! But I would chip in and say that its an inter-related chain of events. Soon your automotive market would pick up as well. The U.S economy is slowing down for now (not forever), hence you feel the effect.
    Favorite quote: "Don't reply/argue with idiots because they'll drag you down to their level and win by experience."

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    political unstability
    and fuel prices
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    devaluation of local currency maybe decreased the buying power.
    ,,, unless you know the track, you're not good enough to sit behind the wheel." K T

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    i think that the high car prices n very high fuel prices are the two biggest reasons. I was watching an add the other day a 1600cc car had prices starting from 4.99 lacs in india and here in our country u cant even buy crap in that money

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    perhaps people are realizing how much they get after paying such hard earned money... crap like suzuki & toyota
    sach karwa hota hay

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    3/4/5

    Its also bcz of our country's economy every market is slow

    another reason can be budget
    .....

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    Yes i do believe saturation has occured to quite an extent.I mean not many ppl were driving cars to school 9yrs back...were they?but still living and studyin

    why cant v hav a proper public transport system!like other countries abroad!!!!
    The future of Automobile...Mercedes-Benz S Class Saloon

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    June is deadliest month regarding Automobiles business
    B DIFFERENT 4RM OTHERZ

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