Car News: Nigeria Porsche Showroom Sales Down 50%
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.”
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