Automotive sales in the Arabic Gulf
GCC DEMAND DRIVES MIDDLE EAST CAR MARKET The major factors driving car sales, particularly in the GC, are high replacement demand from consumers with significantly high disposable incomes, the large affluent expatriate population. Other factors are: ULTRA-LOW, SUBSIDISED PETROL PRICES DEMAND FOR SUVS AND OTHER LARGE CARS IS PARTICULARLY HIGH 11 of households consist the GCC has one of the world's highest ratios of cars to households In 2013 many Middle Eastern countries enjoyed another year of double-digit percentage growth across all sectors of the car industry IN THE UAE, SALES OF NEW YEHICLES 16.7% A ROSE BY IN 2013 SAUDI CITIZENS BOUGHT 750,000 - 6% III IN 2013 INCREASE 100,000 led by Toyota and Hyundai SALES OF IMPORTED VEHICLES LOOK SET TO INCREASE BY 15% IN 2014 GROWTH BY BRAND ΠΌ CODD 16.3% 7.5% 15% in 2013 in 2013 in 2013 Ford LAND EROVER 12% 46% 30% in 2013 in 2013 in 2013 MANUFACTURING CAPACITY Iran is the biggest > rolls out 1.4 vehicles a year, mostly for sale in the domestic market across the MENA region RAN Tehicde producer. over million CREATED AND PUBLISHED BY MOTORY MOTORY YOUR GATEWAY TO THE AUTOMOTIVE WORLD motory.com FIGURES EXTRACTED FROM VARIOUS ONLINE ARTICLES MOST NOTABLY FROM THE MIDDLE EAST MAGAZINE
Automotive sales in the Arabic Gulf
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