Auto dealerships typically generate a significant portion of the employment opportunities created by the auto sector.
After recovery in retail sales, auto companies are asking dealers to keep more manpower.
More than 400 auto dealers shut down business in last 3 years
According to analysts at credit rating firms, the increase in sales again will significantly increase the profitability and credit profile of dealerships in the coming years. In the last three years, the economic slowdown and the tightening of credit norms of banks led to a double-digit decline in sales and more than 400 auto dealers had to close the business.
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25 percent employees have not returned to work yet
According to Vinesh Gulati, president of the Auto Dealers and Federation of Automobile Dealers Association, about 25 percent of the employees at the dealership have not yet returned to work, but more dealers have planned to hire some people or sell passenger vehicles. After growing, the recruitment process is started.
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Gulati said, “Hiring has started at the dealership of the top five passenger vehicles manufacturers as sales have improved and the forecast is also very positive.” After recovery in retail sales, companies are asking dealers to keep more manpower. ”