With the onset of the festive season in the country, a huge jump is seen in car sales. This is the time when you can get the right opportunity to buy a new car. During this time, many companies offer big discounts on their cars, which makes buying a car a little easier.
Increased inventory of car dealers
According to the Federation of Automobile Dealers Association (FADA), dealers across the country have about 7 lakh cars lying in inventory. These are the cars that have not been sold yet. FADA says that this situation is a matter of concern, because despite being the third largest car market in the world, sales are declining even during the festive season. This is increasing the inventory of dealers and they are suffering financial losses.
Discounts offered by companies
At this time, many car companies are offering great discounts on their cars. Tata Motors is offering discounts of lakhs of rupees on its popular cars such as Safari, Harrier and Nexon. Apart from this, Hyundai is also offering big discounts on its Venue and Exeter models.
Jeep India has announced a discount of Rs 12 lakh on its Grand Cherokee model. Earlier the price of this model was Rs 80 lakh 50 thousand, but now it has come down to Rs 68 lakh 50 thousand.
Reasons for the decline in sales
In the last few months, most car companies have reported a decline in sales. According to the Indian Automobile Manufacturers Association (SIAM), this decline has been 9.65 percent less than the month of July last year.
In view of this situation, vehicle companies are offering attractive offers and discounts to woo their customers. Taking advantage of the festive season, you can now buy a new car at a better price. Buying a car during the festive season can be a profitable deal for you, especially when companies are offering big discounts. Taking advantage of this time, you can buy your favorite car at an attractive offer.
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