Two months after Iran reached a nuclear deal that will open its markets to the world, officials are warning of economic stagnation as consumers hold off on purchases of domestic goods while they wait for international brands to arrive.
New car sales in Europe accelerated by 6.4 per cent in September, the 13th month running of increases as a recovery in the market spreads across the continent, according to official data.
The European Automobile Manufacturers Asso
Sales of new cars in Saudi Arabia grew 3.2 percent in the first quarter to 190,000 units, compared to 184,000 in the same period last year, an Arab News report said quoting local media.
The increase in car sales is due to the high
US automotive giant Ford has seen 23 per cent growth in Bahrain sales last year with Almoayyed Motors, the local importer-dealer for Ford and Lincoln, recording a strong fleet sales growth of about 80 per cent.
"The results are tha
Saudi Arabia registered a six per cent growth in the purchase of cars by its nationals which rose to 750,000 cars last year, according to a report.
The first choice among Saudis was for Japanese cars, followed by Korean and last t
Luxury automaker Bentley Motors delivered 1,185 cars in the Middle East in 2013, as against 815 cars in 2012, reflecting a record growth of 45 per cent.
The British carmaker also a 38 per cent rise in sales of its flagship model,
Saudi Arabia is currently the largest automotive market in the Gulf and car sales are expected to hit SR94 billion ($25 billion) in 2013, said a top official.
“Today, the Kingdom is a major market with firm restrictions on t
German automaker Volkswagen’s car sales in the Saudi market through its sole dealer Samaco are up 70 per cent in 2011 compared to 2010.
The company predicts further sales increase of 100 per cent in 2012 over 2011, citing full availability
BMW Group Middle East reported a 11 per cent growth in its car sales during the January to October period and said it was on target to end the year selling more cars than in 2010.
The premium automotive manufacturer delivered a total of 15