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BQ Dealer Survey: High Base, Weak Consumer Sentiment Hurt Auto Sales
Demand for cars and two-wheelers moderated in November on weak consumer sentiment.
29 Nov 2019, 06:23 PM IST
After a festival-season spike, retail sales of cars and two-wheelers moderated in November as consumer sentiment remained weak in a slowing economy, according to a BloombergQuint survey.That’s also partly because buyers had advanced purchases to Dhanteras, considered auspicious for buying, in October, the survey of nine large dealerships revealed. Retail auto sales, measured by vehicle registrations, clocked a 4 percent year-on-year ...
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