Massive Car Discounts | Great Deals on 2024 Unsold Inventory
Looking for the best time to buy a car? Bulk discounts have ended, thanks for the 70-75 days of unsold inventory! OEMs (Original Equipment Manufacturers) are offering incredible offers to clear their inventory, which has reached 780,000 units worth Rs 77,800 crore. More discounts are expected as dealers and manufacturers look to move inventory before the end of the year. Huge discounts on cars until end of 2024. Huge cash benefits and additional accessories. By the end of August, unsold inventory had ballooned to 70-75 days. Why are inventories soaring? Several factors contributed to this unprecedented inventory crisis: Reduced consumer response: Retail sales fell as low consumer confidence led to delayed purchases. In August 2024, passenger car retail sales dropped by 4.53% year-on-year. High shipment volumes from OEMs: Manufacturers have been sending vehicles to dealers, but retail sales are seeing a slowdown, leading to growing vehicle piles. Holiday demand delayed: Festivals like Ganesh Chaturthi and Onam are not boosting sales…
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