There are various reasons involved, but for sure, recessions plays an important role...
I know many people personally struggling in business these days,, they had more than 3 cars at a time & they presently have 2 of them for sale...just to collect enough money in order to invest in a new project as bank is being more strict & limited its loan facility..Eventhou Qatar is one of the least affected place this time, still there are major companies where employees have lost their jobs due to Financial Crisis..one best example is QASCO, many project contracting companies and few Banks as well..!
Also, truely, people dont have much these days to buy cars as many might be scared loosing their jobs in coming days if recessions goes worse, therefore they might be in saving that ever before !!
I have much more to write...but i believe the above in simple words is enough to give my opinion..!! :)
There are various reasons involved, but for sure, recessions plays an important role...
I know many people personally struggling in business these days,, they had more than 3 cars at a time & they presently have 2 of them for sale...just to collect enough money in order to invest in a new project as bank is being more strict & limited its loan facility..Eventhou Qatar is one of the least affected place this time, still there are major companies where employees have lost their jobs due to Financial Crisis..one best example is QASCO, many project contracting companies and few Banks as well..!
Also, truely, people dont have much these days to buy cars as many might be scared loosing their jobs in coming days if recessions goes worse, therefore they might be in saving that ever before !!
I have much more to write...but i believe the above in simple words is enough to give my opinion..!! :)