The growing positive sentiments of the automobile market in India, coupled with the increasing sales and impending festive season has driven the automotive dealers' confidence up by a huge margin. A report by the Sewells Group for the quarter between July and September 2014 shows the index for passenger car dealers at +8 compared to the -3 it stood at for the previous quarter.
Dealers of Commercial Vehicles are even more confident, with their index indicating a definitive positive swing from the -35 it stood at for the previous quarter to the -3 it stands at for the July-September quarter. As for two-wheelers, the positive sentiment was reaffirmed, with the index standing at +35 compared to the +18 for the previous quarter.
As a result, the overall Automobile Dealers Confidence Index stands at +14 for the July-September quarter, compared to the 0 it stood at for the previous quarter. The index for this quarter is calculated on the basis of a survey conducted in the beginning of October 2014, in which 178 dealers from 98 cities representing 23 different brands participated. The quantified index shows sentiments that dealers express for the market for the next 6 months and the survey is held every quarter.
Sewells Group report for July-September quarter - Press Release
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