Car dealers do not expect auto industry to turn around soon
Sewells Group, a global consulting and outsourcing firm, well versed with predictions in the automotive retail industry, has conducted a survey taking into account predictions of automobile dealers where sales volumes over the next 6 month period is concerned.
After experiencing some of the worst years in the auto industry where sales are concerned, auto dealers in India finally see light at the end of the tunnel. But not all. Survey reveals that two wheeler and commercial vehicle dealers are expecting increased sales and profits in the next six month period. A vast number of auto dealers expect to see a revival where sale volumes are concerned, while some dealers predict that the same scenario will continue.
A survey conducted by Sewells Group Automotive Dealer Confidence Index for January-March 2014 quarter was based on responses of 215 dealers in India across 24 brands. It was reported that 62% of dealers surveyed were confident of an increase in sales volumes in the coming six month period. This observation was noted both where dealers of four wheelers and two wheelers were concerned.
Dealers of commercial vehicles were even more positive about the future course of events in the country, stating that there would be marked improvements in sales volumes over the next six month period. While this optimism encompasses a large majority of dealers, passenger car dealers are not sure of any turnaround of events in the next 6 months, with 99% dealers feeling that the same negative impact is most likely to continue.
Two wheeler dealers on the other hand, foresee a more favorable future with 38% dealers surveyed expecting a positive impact on sales volumes.