How money laundering will impact car sales

How money laundering will impact car sales

Since the government launched the money laundering It is an exclusive topic in the financial world. Much of the future value of the dollar depends on this measure. But for the most earthly economy, the day-to-day economy, it also has its importance.

For example, in the real estate sector there is a lot of expectation due to the boost to demand that the arrival of fresh dollars can give.

In it automotive market, At the moment, there are no clear signs that a concrete effect is being felt.

Opinions are divided because, until now, there is no clear trend on the impact of the “forgiveness” on these savers.

In a survey carried out by Scope Between dealerships, manufacturers and importers, the responses are disparate.

Obviously, it is believed that the premium brands or the high-end models would have to be the ones that benefit from greater demand, although small savers could also look for a way to place white money.

An importer of a major brand acknowledged that he had already carried out an operation with a client who laundered dollars.

“We did an operation directly on someone who bleached, but it was only one case. However, we do not normally sell to the public. It is an issue that our dealers are going to measure closely,” said this businessman.

In another brand consulted they gave an interesting clue as to what may happen: “It is important what dealers do. We must be frank and recognize that agencies may have funds that are not always blank. At least, not all. It is likely that they will take advantage now to launder them and with that money go to buy vehicles from importers. That is something I see possible.”

In another imported brand they admitted that they still did not feel any change.

“The whitewashing is just being done now. It’s very premature. Possibly, in a few weeks a buyer will appear. At the moment, nothing,” said one of its managers.

From a terminal they minimized the impact that this measure may have on the car market.

“We do not believe, in our case, that we have a significant impact. We are a volume carmaker and what can be done in this way will not be representative,” they said bluntly.

Another importer acknowledged that they are getting some inquiries from people who are bleaching now, but he still said he thinks it will be a marginal effect.

The curious thing arose between two high-end brands. From one point of view, they considered that the effect will be minimal: “our clients, who are willing to pay for vehicles above US$70,000, are people with a lot of money who do not need money laundering to buy.”

On the other hand, a competing brand in the same segment recognized that they have a lot of expectation.

“We see it as an opportunity to generate new sales. “We made some projections and we are optimistic about the demand it can generate,” they stated.

At a dealership of another premium brand they assured that there is no indication that this money laundering will reach the cars: “everything is very calm

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts