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Jeeps era is over. For now

15 December 2010 / 13:12:07  GRReporter
4143 reads

There will always be people who will buy cars, apartments, clothes and other goods, it is just they are scared at the moment, stressed the car dealer. He said the economic crisis is overexposed in the media, which inevitably affects the consumer psychology. Another obstacle on the market is bank lending and leases. Hiotelis Aris said that the problem is not so much a lack of liquidity, or in other words, because the banks have no money, but because they don’t lend it. Loans are not as available as two years ago. For example, financial institutions require a Greek citizen to guarantee for lending to foreigners.

Last but not least, the businessman noted that when PASOK came to power in late 2009 the government canclled the right to recycle old cars, which was an important incentive in the decision to buy a new car. This week the Parliament passed a law to make recycling effective, which is welcomed by dealerships in the country. According to the representative of the Association of retailers and importers, this law combined with the new and more equitable road taxes will lead to market growth of at least 25 per cent in 2011.

Tags: EconomyCompaniesCar marketCrisisNissan Autо PraxisJeepsMercedes
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