05-19-20

Coronavirus And Cars

Coronavirus And Cars

Who would have predicted that a disease could disrupt the balance and harmony of the world? It was a few months ago when the world first learned of this virus. Originating from the Wuhan city of China, COVID-19 soon turned into a pandemic, claiming thousands of lives and putting millions of lives at stake. Today, people fear to go out of their homes, and it's due to the widespread nature of this virus that only further spreads with human contact. Almost every country is now affected by Coronavirus, and it is continuing to affect numbers of life. 

The U.S. soon turned into the epicenter of COVID-19 with the maximum number of cases and deaths. Declaring the state of emergency, President Trump ordered lockdown in the country to try to help manage the casualties. Still, the numbers are continually increasing and creating an alarming situation. Due to social distancing and lockdown, the global economy is also being drastically affected. Every industry is going through severe losses and facing the crisis. People are losing their jobs and means of livelihood. The disease is not only claiming lives, but it is also claiming the ways of living. 

 

Automotive Industry Facing Drastic Drop In Sales

China is one of the more significant automobile suppliers. When the disease hit China, the automotive industry started feeling tremors. It was after the beginning of the year when it became much more evident. Almost every country was under the wrath of Coronavirus by then. The automotive industry had to stop its production and shut down their factories. Everything has come to a standstill after Coronavirus. The customers are afraid to visit the stores to engage in any kind of deals. The financial burden is one of the prominent reasons why customers are not coming forward. It is essential to tap into customers' needs and provide them the necessary, and that's exactly what the automotive industry has planned to do.

 

Payment Relief Programs To Aid Customers

Automakers are making every possible effort to tame down the situation. It's true that people are going through a financial crisis that has put them in a befuddling state. The people who planned to buy a car during this time of the year have maybe dropped their plan to do so. The automotive industry has brought a payment relief program in order to help the customers make a purchase. 

With a payment relief program, customers would not have to worry about the payment of their vehicle for a few months (3-6 months), which is certainly a sigh of relief. It is a great initiative taken by the automotive industry to encourage customers to buy cars without worrying about the payment. It is essential to bring back the lost sales and loyalty of the customer, and there's nothing better than helping your customers financially. 

Those who were planning to buy a car can still proceed with their plan and make the most of the amazing plan laid out by the automakers. With payment relief, customers can still enjoy their favorite car, along with reducing the financial burden of owning one. 


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