The resulting drop in rates should also encourage consumers to once again purchase
big-ticket items. Corporate earnings growth prospects should improve, enabling stocks to go up on a more sustainable basis.
Car distributors mainly attributed the sales decline to interest rate hikes and accelerating inflation, which it said made it difficult for consumers to purchase
big-ticket items. Still, Avid said it will try to recover in the last quarter by introducing new brands, as it also hopes the economy stabilizes in the months to come.
Big-ticket items such as helicopters and yachts should not be spared under the Sales and Services Tax (SST) regime that will kick in in September, Finance Minister Lim Guan Eng said today.
The overall buying conditions index for consumers in the current quarter for
big-ticket items stood at 34.3 points.
"Why don't we just bundle those small assets together and sell them as one to a group, and really use our time to spend on the
big-ticket items? It's better use of our time than chasing around appraisals for small lots.
The major purchase index, which indicates confidence in spending on
big-ticket items, has also slipped from positive 10 in January to minus four this month.
Higher inflation and sluggish wage growth weighed on spending power, with the amount spent on
big-ticket items - such as holidays and cars - falling at the fastest rate since December 2013.
The live auction will feature 17
big-ticket items ranging from getaways in Roatan, a Caribbean Bay Island, to a beer pedal party.
These are
big-ticket items unlikely to be paid for by a penny on a pint.
Add up your assets, and don't include cars or other
big-ticket items that depreciate.
With more money in their pockets, consumers are buying higher-quality essentials-such as food and household products-as well as more
big-ticket items, such as passenger vehicles.