"During the festive season, the demand for wholesale car sales increased in the country's market".
In India, the demand for wholesale cars has multiplied during the festival. According to today's news, sales of various models of cars in the wholesale market have increased significantly due to the demand in November during the festive season in the country.
Dealers here buy different models of cars from car manufacturers to sell in showrooms.
Last Friday, the car dealership association Siam reported that passenger cars bought more in November this year at a rate of about 4.6% than in November last year.
However, on that day, the wholesale sales of passenger cars increased by about 14%, according to the SIAM organization. Later, however, it corrected the fasting organization and found that the growth rate was much lower.
On the contrary, sales of two-wheeler models increased by about 13.43%. Sales of 3-wheelers have dropped sharply, to about 57.64%.
Now, looking at the survey, the concerned quarters are claiming that the wholesale business situation in the market is still much better as the retail sales in the country's markets are increasing.
Moreover, the demand for cars increases a lot during the festive seasons. However, this year has increased a little more than the previous year.
The growth rate of sales was lower as a result of the slowdown in the economy in the previous year. As a result, the car industry is booming compared to the previous year, despite a bad time this year.
Earlier, dealers' figures on retail sales showed that sales of passenger vehicles increased in November but sales of two-wheelers and three-wheelers declined significantly.
In terms of percentage, it is about 21.4% for two wheelers and 65% for three wheelers. Now, of course, car sales in the wholesale markets have increased a lot compared to the past.