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New car models sell in spite of high interest rates

New model cars have not seen any dent in sales despite the high interest rates for car loans

Apnaloan.com Research Bureau

10 Aug 2007

New model cars have not seen any dent in sales despite the high interest rates for car loans, says media reports. For instance, the sales of Maruti SX4 which was launched in May 2007 is said to have upped the growth of the company over 17 per cent.

Honda's Civic and General Motors models like Chevrolet Spark and Aveo U-VA are also recording the highest growth in terms of percentage. Mahindra Renault's Logan notched around 2, 800 units per month.

However, industry analysts claim that bread-and-butter models have not being doing well in this scenario.