Friday, December 07, 2012
By Manoj Kumawat
Chevrolet car prices to see up to 3 percent hike in January
Now that the festive season is over and with that soon the offers doled out will also be over. Now the time has come for car makers to do some quick jobs in order to compensate the losses this fiscal. Maruti has already declared a price rise from January and now Chevrolet has also said that it will also be increasing price of its cars including Chevrolet Aveo, Chevrolet Sail UVA and others in January. This rise is said to be prompted by the devaluation of rupee as well as rising input costs that have severely irked the car makers. In addition to this, most of the car makers will be going for a price rise and big bulls including Maruti and Toyota and Chevrolet (GM) have already declared the extent.
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The impending rise in car prices is expected to trigger some good sales in the days to come as more and more people will be rushing to the car dealers for new cars. However, auto industry experts believe that those who know do not go for a new car in December as the model year of the new cars purchased in the last month will be 2012 and those purchased in January and further will be 2013. This has great impact when the car is sent for a resale. If purchased in December month the car remains that of the previous year model year while it will be considered a next year model year if purchased only a month after in January.
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This is a general practice by car makers to exhaust the cars produced in this year only as car buyers demand only new model year cars from next year. Taking one or the other recourse, the car makers announce a price rise in January leading the car buyers to hurry up and buy cars in December as well. As far as the rupee devaluation scenario is concerned, it is on an uptrend and is at a better position than December last year.