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FINANCIAL NEWS
UAE car sales may rise 8.5% this year
16 Jun 2010
(MENAFN) A report issued by Business Monitor International (BMI), an independent provider of proprietary data, analysis, forecast that new car sales to rise by 27,600, or 8.5 percent, to 355,117 in the UAE this year, Gulf News reported.
While car retailers expect a slight increase in sales for 2010, they say the 8.5 percent figure beats their own expectations, according to the report.
Several factors would affect high car sales figures; among them liquidity and market confidence, the report added.
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