I am a bit confused so please do help me with your views. Today I read that Automobile companies reported excellent figures for the month of April 2008 vis a vis April 2007. What’s more intriguing is that these increased numbers are attributed to good sales in B segment cars ( the altos, zens, santros, getz and i10 and so forth). Now who would buy these cars? Middle Class Families? Assuming it is indeed the Middle Class group then why would they buy;
- Maybe it is their first time purchase…A First Car!
- Or it’s an additional car to their already bigger car!
Ok now why I am boring you with all this? My predicament lies in the fact that with Inflation (yeah man today’s figure says we are at a 3 year high!) and rising food prices (every TV channel is showing how our poor women are finding it difficult to put two straight meals on the table!), Interest Rates (car loans aint cheaper!) least but not the last…CRUDE! We all know Crude is no cheaper than what it was last April. So in spite of this people still feel that they are better off buying a new car? Are they really affected by Inflation? Have they made provisions in their household budget by making additional allocations or by cutting on “Oil For Food” for “Oil For Car”. All this foxes me! Is Inflation a fashionable word to strike intelligent conversation? Or is it just another tool the politicos play with? Or does it affect only the selected few… The Unfortunate Ones!
May be Oscar Wilde sums its better by saying;
"Anyone who lives within their means suffers from a lack of imagination."
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