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Automobile Industry Likely to See Rise in Sale if Fuel Price Dips

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Automobile Industry Likely to See Rise in Sale if Fuel Price Dips

October 31
17:18 2014

car salesNew Delhi, Friday, October 31 – Car sales are anticipated to go up in the last quarter if prices of petrol and diesel are slashed another time. Cost of fuel has a direct relation with the sales.

If rates of a litre of petrol or diesel go down, buyers get inclined to see the new models of cars introduced recently in the market. On the other hand, they get distracted if prices soar and start pinching customers’ pocket.

In the midst of speculation that prices of fuel will be cut in next to no time, the number of consumers planning to buy a car by the end of this year has increased, which is a good sign for automobile industry.

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