KTM’s global unsold inventory reaches 265,000 units
KTM Unsold Stock – Reference Photos Accumulation of unsold inventory for a year is due to poor management decisions and wrong production calculations Team Orange is experiencing something of a crisis around the world. The company has also filed for bankruptcy. It is estimated that KTM is saddled with about $3 billion in debt and is in poor shape. The company has announced that it will temporarily suspend production in January and February 2025. The move affects up to 1,000 workers. There are reports that KTM did not pay workers their December wages and Christmas bonuses. Now, a recent report suggests that the temporary production shutdown may be due to unsold inventory of up to 265,000 units. KTM unsold inventory Amid all the negative developments for KTM, a recent report brought to light one issue. According to German publication Der Standard, KTM did not sell many motorcycles last year. The number of unsold vehicles in KTM's inventory is as high…
KTM’s global unsold inventory reaches 265,000 units
KTM Unsold Stock – Reference Photos Accumulation of unsold inventory for a year is due to poor management decisions and wrong production calculations Team Orange is experiencing something of a crisis around the world. The company has also filed for bankruptcy. It is estimated that KTM is saddled with about $3 billion in debt and is in poor shape. The company has announced that it will temporarily suspend production in January and February 2025. The move affects up to 1,000 workers. There are reports that KTM did not pay workers their December wages and Christmas bonuses. Now, a recent report suggests that the temporary production shutdown may be due to unsold inventory of up to 265,000 units. KTM unsold inventory Amid all the negative developments for KTM, a recent report brought to light one issue. According to German publication Der Standard, KTM did not sell many motorcycles last year. The number of unsold vehicles in KTM's inventory is as high…
Nearly 800,000 unsold cars worth Rs 79,000 crore
Pictures are for reference only A variety of reasons, including rising car prices, inflation and a preference for new models, could be responsible for high inventories Reports indicate that car dealers can only maintain inventory for 80-85 days, which is a worrying development. This is an all-time high number that affects dealers of most car brands. Even the holidays don't seem to be mitigating the high inventory situation. Inventories piling up since May 2024 Data shows that inventory at the dealer level has been piling up since May. There are around 790,000 unsold vehicles parked at dealerships with an estimated value of around Rs 79,000 crore. One reason could be higher volumes being shipped to dealers at a time when sales are lower than usual. It's common for dealers to increase inventory during the holiday season due to expected high demand. However, FADA sales data for September showed that car sales grew negative by -18.81%. If this continues, dealers may…
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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