Domestic Car sales down in july 2008

In the last three years this july 2008 car sales dropped due to oil prices hike and the inflation.Car sales down by 1.71%,At the same time two wheelers sales up by around 20%.According to Society of Indian Automobile Manufacturers(SIAM) 89,250 car units were sold in july 2007and 87,724 units sold in july 2008.This is not only because of oil price hike.Vehicle loans that is the interest rates against vehicle loans are keep on increasing, so in urban area and rural area the sales was too bad.