Car prices fell 35% due to crashed Stock Exchange & increased MVT tax so Buy car fast

[brownrose78]

Car prices fell down 30-35% in recent month,whatever feedback got from experts,they told there are two major reasons for it:

1.increased MVT tax declined car prices
Govt. has incresaed Motor vehiocle tax a big significant for non -filers( till last june MVT tax was same for both filer & non filer)

2.crashed stock markets specially of China
due to recent crash

brothers i have recently noticed a dramatic decline from 2 months but specially 2 days in Car prices so it is suggested only to buy & not to sell your car(if u do not have any urgent financial requirement)

In months of September,October till December Car prices will go down approximately further 10-15% due to following reasons:

1.due to Hajj season, Currency devalue & prices of US dollar and Saudi Riyals are getting history high

2.Due to increased WHT and sales tax, prices getting further low

3.Dut to increase WHT from 0.3 to 0.6% on bank transcations for non-filers, car prices will go more down( because that relaxation on transaction will end after 2 weeks)

[waseef]

You talking about brand new vehicles ??? cuz therez no change in used cars prices.

[SER_GTR]

He's Talking Overall Car Market...He Makes Sense Actually As Taxes As Well As Transaction (W.H.Tax) Makes Huge Diff....!

Less Than 15 Year Old Cars Have Higher Rate Of TAX ...

[chinyoti]

Dollar crosed 104, Euro 120, Pound 160,

Taxes going up, I dont see car prices going down, Their might be a decrease in purchasing but again prices going down

[SER_GTR]

Overall Market Is Going To ct Strange COnfused Till Things Settle Down....!

In Short...Seller Will Have Difficulty Finding Right Buyer Whereas Buyer Will Have Issues Finding Right Car Until He's Not So Tight On Budget...!

Market Is Usually Flooded With Cars On Showrooms And Will Still Continue To Sell Imported Cars

[VCheng]

35% decrease in car prices? This cannot be true.

[capsat]

seriously .. let me read again

Car prices fell down 30-35% in recent month,whatever feedback got from experts,they told there are two major reasons for it:

1.increased MVT tax declined car prices
Govt. has incresaed Motor vehiocle tax a big significant for non -filers( till last june MVT tax was same for both filer & non filer)

2.crashed stock markets specially of China
due to recent crash

brothers i have recently noticed a dramatic decline from 2 months but specially 2 days in Car prices so it is suggested only to buy & not to sell your car(if u do not have any urgent financial requirement)

In months of September,October till December Car prices will go down approximately further 10-15% due to following reasons:

1.due to Hajj season, Currency devalue & prices of US dollar and Saudi Riyals are getting history high

2.Due to increased WHT and sales tax, prices getting further low

3.Dut to increase WHT from 0.3 to 0.6% on bank transcations for non-filers, car prices will go more down( because that relaxation on transaction will end after 2 weeks)

Due to panic for holding cash & resources intact Demand may have gone DOWN - that is plausible.

but Car Prices 35% down, - trust me whoever shared the data for your calculation must've dragged a long puff of K2 stuffed with Charas dipped in vodka.

car prices 35% down the show rooms go vacant and black marketing will start. There are SHARKs who look for such opportunities ..

[himmi_Pak]

Thirty to thirty five percent , how where when?

[makhdoom123]

there may be less buyers 30-35% less people willing to buy the car ,
but car prices have not decreased a little ,
BUYERS may have decreased

[Ali.Hannan.M]

A self fulfilling prophecy, if enough people believe the price will fall 35%, they will cause the price to fall somewhat. However, as the rupee weakens and loses value, more rupees will be needed to buy an asset, so by that logic the nominal price of cars should increase? In the case of import vehicles, there is a definite increase in the rupees needed to be paid.

Nonetheless, such a 30-35% figure, how did you arrive at that, do you mind sharing the quantitative process?

[djmani1]

Pak suzuki is going to increase prices in september. A dealer shared me this news