Unsold cars in india Google for unsold inventory lying across USA dealers; there are people making money making YouTube videos of the unsold inventory worth a few billions. September 10, 2021. Jan 12, 2022 · Be it electronic devices or cars; we have a newer & better version almost every month. PF at Just Rs 1000; Bank of India - Car Loan from 8. It gets cash discounts of up to Rs 2. A swelling inventories of unsold vehicles worth more than Rs 77,000 crore across passenger vehicle segments at dealerships in the country has put them under significant strain, with a number of them reporting issues in moving vehicles from their yards to customers’ hands. Aug 24, 2024 · As per a report by FADA (Federation of Automobile Dealers Associations), the apex body of India’s automotive retail industry, there’s Rs 73,000 crore worth of stock of unsold cars at dealerships all over India, which translates to over 7 lakh unsold cars. Discounts, too, are at an all Oct 6, 2024 · The Federation of Automobile Dealers Associations (FADA) has sounded the alarm over unsold passenger vehicle (PV) inventory levels in India, which have reached a critical high of 7. Jul 9, 2024 · Unsold Car Inventory – Hits Rs 60,000 Crores. Mar 19, 2023 · Unsold stock in car dealer network is likely to reach around 300,000 units (worth $2. Also related to the ancillary companies too. Car sales around Diwali has fallen so low this year that dealers are staring at an all-time high inventory of 80-85 days which adds up to 7. Dealers hope for improved sales during Navratri and Deepavali festivals. Do note these discounts are subject to change, depending on the city and availability of stocks. Tap for the full list of year end SUV discounts. 90 lakh vehicles collectively worth Rs 79,000 crore. 8 lakh units valued at ₹77,800 crore. Jul 9, 2024 · (This report has been updated) Automobile majors Tata Motors and Mahindra & Mahindra (M&M) have slashed the prices of their popular vehicles in a bid to stimulate demand, at a time when car sales are experiencing a challenging phase with around Rs 60,000 crore worth of inventory lying unsold with dealers. Car Loan Schemes - March - 2025. SKODA KUSHAQ STYLE 1. These vehicles are collectively valued at an estimated ₹79,000 crore, creating significant financial pressure on dealerships. 74 lakh units in 2024, according to data released Jul 6, 2024 · Automakers and dealers have started to feel the pinch of the slowdown in demand for cars and sports utility vehicles (SUV), with inventory of around Rs 60,000 crore lying unsold with dealers. MEXKRLPA9PG035112, 2023 Model, Eng Currently, there are 47 car manufacturers in India with 256 car models in the market. The Humble Dealership Visit (But Not Really Humble Oct 30, 2024 · A new report has stated that car dealerships across the country are facing a glut of vehicles in their lots with inventory worth Rs 79,000 crore said to be stuck in the yards. Total Jan 7, 2025 · India’s car industry has carried over nearly two months of unsold stock into the new year, underscoring the demand headwinds in the world’s third largest automotive market. A rising stockpile, due to slowing down of sales, poses a considerable risk to dealers which FADA states has gone up from 65-67 days in early July 2024 to Nov 1, 2024 · Car sales during this Diwali season have seen a sharp drop, leaving car dealers across India with a record-high inventory. 5 billion) by the end of March 2023 - the highest since September 2019, as per industry estimates. 25% of Loan; Union Bank - Car Loan from 8. Retail car sales, measured as vehicle registrations on the government’s VAHAN website, rose 5. 55% basis CIBIL under Floating Rate. This translates to approximately 7,80,000 unsold units valued at ₹77,800 crore eAuction Car in Sarthana, Surat. Sep 10, 2021 · Ford India Dealers Have About 1,000 Unsold Cars – Hire 40,000 People. With the industry sitting on an inventory of 62-67 days, a large majority of automakers in India have seen sales dip in June 2024. And Some of the popular cars in India are Hyundai Creta, Mahindra Scorpio N, Tata Nexon, Mahindra XUV 700, Maruti Brezza. 20 Mar . Dec 9, 2024 · Tata Motors. Also Read: Online Car Sales in India | Will it Kill the Dealership Business? Whenever we come across a dealership, new cars are lined up somewhere around the showroom. eAuction Car in Pune, Pune. Sep 5, 2024 · Unsold passenger vehicle inventory rises to 7. Major Brands selling cars in India are Maruti Suzuki, Hyundai, Tata, Mahindra, Toyota. Also, the rate of cancellation which used to be an average 10% of the total bookings till a few months back, has increased to 15-20%. Satya Singh. Dec 7, 2024 · Big discounts of at least Rs 1 lakh on Maruti SUVs and models from Toyota, Skoda, Volkswagen, MG Motors, Tata, Mahindra and more this December. Sales of unsold cars reached a record high in August, leading to increased costs and reduced profit margins. Explore Search Sep 5, 2024 · India's auto dealers are concerned about high inventory levels and the need for deeper discounts to boost demand during the festive season. 9 lakh units. Motor Car Vehicle - Volvo Model No. Ford India Dealer Ford is world’s fifth largest carmaker by volume and fourth largest in Jul 6, 2024 · People holding stock/shares in Automobile industry keep an eye out. PNB - Finance from @ 8. . But that strikes the question of how do dealerships manage with this speed with unsold cars. Jan 19, 2023 · Here is a comprehensive list of discounts on the MY2022 stock of your favourite cars and SUVs. 5% Onwards basis CIBIL under Floating Rate. 18% year-on-year to 40. 8 lakh units, valued at Rs 77,800 crore: FADA New cars delivered in the showroom. 75% Onwards basis CIBIL under Floating Rate Mar 29, 2025 · 156+ auction for cars, buses and bikes in Mumbai, 2+ Canara Bank, 16+ pnb, 4+ Bank of India, 18+ Bank of Maharashtra Mumbai Union Bank of India 85,000. - S90 D4, Chassis No. May 30, 2024 · Car dealers in India could expect a stock pile of 4 lakh units for May 2024, collectively valued at Rs 44,000 crores as demand declines Facebook Instagram Linkedin Mail Twitter Youtube Car News Jan 29, 2022 · Despite long waiting period dealers still left with unsold MY21 stock. PTI. One of the reasons could be the high number of dispatches to dealerships at a time Oct 9, 2024 · Looking for the best time to buy a car? Massive discounts are out, thanks to an unsold stock of 70-75 days! OEMs (Original Equipment Manufacturers) are offering incredible deals to clear out their stock, which reached a whopping 7. But how do you, a discerning car connoisseur (or maybe a regular dude with a budget), unearth these hidden gems? Let's delve into the not-so-secret world of finding unsold new cars in India, with a generous sprinkling of humor to keep things interesting. PV retail sales in India fell 4. -1838 Dec 17, 2023 · The only Maruti car in this list is the Jimny off-roader. YV1PSA8ADH1009108 Engine No. According to a report from The Economic Times, dealers now have around 80-85 days’ worth of unsold cars, translating to about 7. 1000 BHP Dodge Chargers and Wrangler V8s are collecting dust. 53% year-on-year in Aug 21, 2024 · Heavy Burden on Automobile Dealerships. PF at . Tata Motors is offering impressive savings of up to Rs 2 lakh, particularly on unsold MY2023 models of the Tiago and Altroz, while the 2024 models of these hatchbacks are available Sep 5, 2024 · The comments came after sales of unsold cars in the world's No. 16 lakh on the regular variants, while the new Thunder edition comes at a price drop of Rs 2 lakh. Aug 23, 2024 · According to the Federation of Automobile Dealers Associations (FADA), the stockpile of unsold cars at dealerships across India has reached over 7 lakh units, valued at approximately Rs 73,000 Oct 30, 2024 · Around 790,000 unsold units are parked at dealerships, which is estimated to be worth around Rs 79,000 crore. 5 TSI AT BS VI, having Chassis No. Dealers are offering discounts on some Maruti Suzuki, Hyundai, Toyota, VW and Renault 2021 models. Sep 5, 2024 · Indian vehicle dealerships may be staring at an inventory problem. The Indian automobile industry is facing an unprecedented crisis as unsold car inventory at dealerships across the country reaches an all-time high. 3 auto market rose to a record 70-75 days in August, valued at 778 billion rupees (USD 9. Car Loan Interest Rate Scheme in March 2025. According to the Federation of Automobile Dealers Associations (FADA), dealer-level stockpiles have surged to over 7 lakh units, valued at approximately Rs 73,000 crores. Hunting Grounds: Where the Deals Hide. 90 lakh vehicles. Ongoing monsoon season may also affect Sep 25, 2024 · As of August 2024, passenger vehicle inventory levels in India have skyrocketed to a staggering 70-75 days, far exceeding the ideal range of 30-35 days. 27 billion). anscq yddmm znz gvez vkorly icbgjze rgdgv vfwhso rumk trc zvbic mvxrv pca yyhc olz