Car Dealers Decry Low Sales In PH


Second hand car dealers
in Port Harcourt, Rivers State have described as worrisome and dull the poor sales recorded in the last few months, attributing it to the dwindling economy and exchange rate of the naira in the market.
The car dealers who made this assertion in an interview with The Tide on Monday in Port Harcourt said apart from the dull sales, they are afraid if they could go for more purchase after they disposed off the cars on the ground of the exchange rate of the naira to other currencies.
According to them, some buyers who deposit money for cars are coming back to demand that they be given back part of their deposit, in order to settle other pressing family issues, and that due to the lull in business, their families are suffering, they could not afford to pay school fees and even to feed..
Ifeanyi Igwe, a car dealer  disclosed that the glut in the market had been a source of worry and wondered if he could go to market after the sale of the cars at the stand, because of the exchange rate of the naira to other currencies and appealed to the government to consider the masses especially the car dealers so that they would not be thrown out of business.
Another car dealer, Jude Umejiaku also lamented on the poor sales and enjoined the Federal Government to allow importation of food items into the country as well as bring down the prices of petrol and exchange rate of the naira, so that the masses would not suffer of hunger and starvation.
“In Cotonou, they import everything into their country and their economy is booming and they are living well, let the present government allow people to import without much stress, food items, cars and others while the petrol price is reduced”, Umejiaku said.
Also, Usman Jubril lamented over the poor sales but expressed optimism that there would be improvement soon.
However, they affirmed that between 2001 and 2010, there was business boom than now for the cars sale.


Collins Barasimeye