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BQ Survey | Disruption By Stricter Emission Standards Worsens Auto Slowdown
This is only prolonging the auto slump...
28 Feb 2020, 10:12 AM IST
Retail sales of cars and two-wheelers were flat or contracted in February for most automakers as demand didn’t pick up and dealers waited to exhaust existing inventory ahead of the transition to stricter emission standards, according to a BloombergQuint’s survey of eight large dealerships.“February is usually not a volume-heavy month and across our dealerships, we are expecting a double-digit drop in sales on a year-on-year basis,” s...
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