Automotive sector is one sector is felt directly the impact of the global crisis is happening and this condition was not felt in certain parts of the world but felt by the whole point of business in any part of this world.
Automakers no one expected economic growth would be like this. Seven months ago are still visible and the market response to the automotive industry development is still attractive and passionate. Various automotive exhibitions that were held were still able to absorb hundreds of thousands of potential customers and generate hundreds of billions of transactions. Market volume also increases from month to month. In fact, until August last year, the combined vehicle industry in some countries recorded a total sales are still growing in the local market for all types. However, the situation now is different. Automotive industry is currently last in the face of global economic pressures due to soaring crude oil prices in world markets since hurricane Katrina struck the United States some of the region. Crude oil prices fell in the price of 65 U.S. dollars per barrel.
Seeing the various local and international factors like that, some industry players are not exempt vehicle accessories industry inevitably also have to make corrections to the cost of production. Amendments to the price and marketing patterns of corrective to do if still want to exist in the market. Without the efforts that all of it is difficult for principals to keep the industry and the business remains in a stable condition.
Vehicle accessories industry was no longer able to maintain prices. All components of production have increases. Variety of minerals including iron ore price rise, as a result, sheet steel prices also rose. Plastic raw materials from oil residues also increased, paint, and other components also experienced price increases. Not to mention the added variable costs due to implementation of industrial diesel fuel prices are set equal to the international markets, electricity and fuel also rose (fuel oil) also rose. Consequently there is no other than the selling price must rise.
Any price increase is unavoidable and should be done with consideration. That is, how do consumers continue to value added is much greater even though the selling price increases. This understanding should be communicated to prospective customers. In addition to explaining about the use of more efficient fuel, consumers are also given the opportunity to get a service contract facilities and attractive services to attract customers such as service contracts and so forth. Then recommendations leasing (lease) to prospective customers. Various tricks of this market strategy designed to keep consumers benefited.
Car accessories industry is also directly affected by the economic crisis caused by the global economic crisis and the consequences of a rise in world oil prices. The direct impact is felt because of declining market demand affect the cost of their production. The automobile accessories industry players remain convinced will be able to survive until now. Because the businessmen believed accessories such as toyota accessories will still be good, even investing in some assembly machines and material manufacturing processes can be performed alone.
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