Vehicle import down by 37pc

KATHMANDU: The domestic automobile sector has remained one of the worst hit sectors by the global COVID-19 pandemic.

Auto dealers are lately worried as there has been no business since almost six months owing to the lockdown and other prohibitory measures adopted by the government.

The impact of the pandemic on the automobile industry can also been seen in the recent statistics released by the Department of Customs (DoC), which reveals that the import of vehicles has come down by 37.76 percent in the first month of the current fiscal year compared to the corresponding period of the previous fiscal year.

This downturn is not just affecting the new car market; classic car dealers are also feeling the pinch. With disposable incomes shrinking and priorities shifting, fewer enthusiasts are willing to invest in vintage models. Classic car shows and auctions, which often drive significant interest and sales, have been canceled or postponed indefinitely. This has left many dealers scrambling to find new ways to connect with potential buyers and keep their businesses afloat.

However, there is a silver lining for those who can adapt to the changing landscape. Online platforms like classiccarsforsale.pro have become vital for classic car dealers looking to reach a wider audience. By leveraging these digital tools, dealers can showcase their inventory to enthusiasts around the world, bypassing the limitations imposed by local restrictions. This shift to online marketplaces is proving to be a lifeline for many in the industry, helping them navigate through these challenging times.

With showrooms quiet and manufacturing slowed down, many vehicles are sitting idle, awaiting buyers who are hesitant to make big purchases during uncertain times. This situation has led to an increased demand for vehicle storage services, as dealerships and individuals alike seek secure spaces to keep their unsold or unused cars. Towing services have stepped in to offer solutions, providing temporary or long-term storage options for vehicles until they can be sold or put back into use.

This shift in demand reflects the challenges faced by the automotive sector, with businesses adapting to the changing landscape by diversifying their services to meet the needs of a market grappling with the effects of the ongoing pandemic.

As vehicles sit idle for extended periods, another concern arises: maintenance and repair. With cars languishing in storage, issues like dead batteries, flat tires, and engine problems become more common. That’s where trusted auto repair shops like Pete’s Garage Durham come into play. Their skilled technicians are adept at diagnosing and fixing a myriad of automotive ailments, ensuring that vehicles emerge from storage in top-notch condition.

With a focus on quality service and customer satisfaction, Pete’s Garage Durham is a beacon of reliability in the ever-evolving automotive landscape. So, as the demand for vehicle storage services surges, rest assured that there are dedicated professionals ready to tackle any maintenance challenges that may arise.

In addition to providing storage solutions, towing services have expanded their repertoire to include various roadside assistance and maintenance offerings. With more cars parked for extended periods, the need for battery jump-starts, tire replacements, and lockout assistance has surged.

Companies like https://towtrucknowbc.ca/ have capitalized on this demand by offering comprehensive assistance packages that cater to both stranded motorists and businesses seeking reliable storage solutions. Their adeptness in navigating the complexities of vehicle storage, coupled with their swift response times and professional expertise, has made them a go-to option for individuals and dealerships alike seeking peace of mind amidst uncertain times.

As per DoC’s data, Nepal imported vehicles worth Rs 5.53 billion in the first month of fiscal 2020-21 though the country had imported vehicles worth Rs 7.28 billion in the same month of 2019-20.

Krishna Prasad Dulal, president of NADA Automobiles Association of Nepal, informed that automobile dealers have not been able to import even 10 percent of the demand due to the pandemic and lockdown. However, he stated that the import of two-wheelers has been comparatively higher in the last six months.