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FINANCIAL NEWS
GM, Ford, BMW sales up in ME
11 Apr 2011
(MENAFN) GM Middle East’s president and managing director, John Stadwick, said that a notable increase in car sales across the region was registered during this year’s first quarter, reported The National.
Stadwick added that this raise comes after car financing procedures became easier, compared to two years ago when financing rejecting rates were 35 percent to 40 percent, while now they dropped to 20 percent.
Ford Middle East’s sales director, Hussein Murad, said that the company also witnessed a 52 percent raise in its sales in the GCC, where Saudi Arabia topped these countries with 75 percent increase of its demand over Ford and Lincoln cars, while Abu Dhabi sales increased to 42 percent followed by Dubai with 38 percent.
BMW’s director of sales and marketing in the Middle East, Reiner Braun, said that the company’s sales also increased this year registering a 19 percent growth rate, with 4,635 vehicles sold in fourteen Middle East markets.
It is worth noting that investments in showrooms, after-sales service, infrastructure, opening new forecourts, workshops in addition to the government support in this sector are main keys in the growth of this industry’s sales.
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