It’s elementary, Dr Watson: Economics 101 dictates that if you access the price, appeal falls. The latest such assignment in Q3 2018 comes from the Swedish car market, which fell 35% from the antecedent year.
The reason? Massive new anniversary car allotment taxes for best accustomed gasoline and agent cars, implemented on new car purchases starting July 1, 2018. You pay these college taxes for the aboriginal three years of ownership.
It’s as if the Swedish government capital to abuse new car ownership. And it did.
The actual appulse in July was a bead of 49%. At the time, I was told that it was a acting phenomenon, and that sales would return. Aloof delay a ages or two.
Well, what happened? In August, sales were bottomward “only” 18%. OK, so far, a bright abridgement in the decline. Perhaps accord it aloof one added month, and we would be aback to zero?
Nope.
As it turns out, we aloof got the September numbers. Sweden is acceptable that way, in that we get the numbers as fast as anywhere – anon afterwards the ages is over.
And those numbers were not good. The bazaar was bottomward 40%.
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