Car Prices in Oman....

With the recent fallout in the world markets, the word recession is high in every ones mind and to a lot of them, it means prices of commodities would reduce drastically.

Yes, I agree the prices of commodities must reduce. But has anyone wondered what happens to their own job or business when the prices come crashing down?

I work for the automotive sector here in Muscat, Oman and it is not unusual for me to answer the same question " When will car prices fall" every ten minutes in a day!!! Never will a customer understand the strengthening of the Yen and the decline of US Dollars....that we have to pay more Rials to buy a Yen. Never will he understand that the stocks we have are bought  at a higher price!! And then there are people out there in GCC who have decided to boycott the purchase of cars!!!Hmmmm...

Recession is a malice that is most to do with the people mindset. Prices falling is not healthy. And let me come back to my earlier paragraph about its affect on job and business. When prices fall the fall is expected everywhere. Example- A dealership is expected to drop prices, fair they will do that, but when the dealership places an order for a service, they would ask the service provider for a drop in prices and then its a chain reaction. And it would lead to job reductions else salary cuts.

What I want to say is...Price drop will accelerate recession. Try spending more...buy at reasonable prices...don't quit buying. Buy and beat recession!!!!