| Record drop in sales of new cars |
| World - Business | |||
| Thursday, 01 October 2009 09:32 | |||
Stabilization is expected in April next year.August was worst month for the automotive industry. Sales fell by 40%. However, distributors say the numbers in September will be worse. Very few buy a new car. Often those are firms, lawyers and doctors, who paid in cash. According to data even 75% of sold cars were paid in cash. Reasons are the declining purchasing power of the citizens and the inability to obtain credit. We will be happy if the end of the year to finish with a positive zero, say car dealers. The trend of declining sales will continue until the end of the year.
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Stabilization is expected in April next year.





