Impact of Economic Crisis in the vehicle industry
By firozbabuk •
Hi everyone...
I think the deepening economic crisis will shoot up the used car prices as the peoples capacity to buy brand new vehicle weakens due to 1)Concern of Job Security and 2) Lack of bank loan availability.
Do you agree......???
Note:- I have a used car to sell..!!!!
It depends on the cars! European, US or Asia? and another things to look at is the fact that a car in te gulf countries is a necessity not a luxury, people in London and New York will not be buying their favorite car of the year but we keep the old one or use public transport, so we are just generalising, second hand cars in Doha seem to be pricesthe same to me brand new ones have gone up. that's Kia, Honda, Toyoto, Mitsubishi (best example: Pajero went up by 20000QR) only brand to have brought it's price down is: Ford, no one wants to buy a ford anyway due to the bad aftersale service.
because of crisis all type of cars including used cars prices will go down for sure
Bad news my friend. You shall loose big time on selling your car. The only way used car prices are going is down. I also tried to sell my car. Eventually, gave up the idea as the loss was too much. By the way, what car do you want to sell?
I THINK ECONOMIC CRISIS WILL IMPACT ALL TYPES OF CARS USED OR BRAND NEW AND WILL DECREASE ALL THE PRICES
GOOD LUCK