Car News: Nigeria Porsche Showroom Sales Down 50%

Saturday, March 5th, 2016 - Automotive, car news, Nigeria, Porsche

Source : Car News: Nigeria Porsche Showroom Sales Down 50%

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luxury sports car sales in Nigeria as the country flails by the blow delivered decline in global crude oil dropped the prices [19459010reportstheBritishbroadcastingCorporation

inside Great times, the Nigerian high spending roll into the garage with fat wallets in addition to centrifuged at Porsche – currently the showroom is usually deserted. Top-of-the-range Porsche versions sell by $ 100,000 (£ 70,000) in addition to upwards.

According to the director lounge management Showing Porsche in Lagos, Parveen Singh, sales were up 50% last year compared with 2014. blames the incident on crude oil crisis.

while gas in addition to oil sales are only about 15% of GDP inside country – “Nigeria is usually not Saudi Arabia,” analysts say represents, pointing out that will the industry includes a disproportionate impact on the economy as a whole

“in addition to. the government is usually the biggest spender in Nigeria,” says Singh. “When the government stops spending, the idea includes a cascading effect on the corporate sector.”
account
oil revenues 75-80% percent of the government budget, in addition to if you do not possess the cash, the idea cools down public spending



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