UAE car sales to grow 23%
United Arab Emirates: Tuesday, September 25 - 2007 at 06:24
The UAE market for new cars has experienced double digit growth over the past five years, and will grow by 23% in the next three years, reported Gulf News. Michel Ayat, CEO of Arabian Automobiles, said sales of new cars could exceed 260,000 this year, and will be over 320,000 units by 2010. Ayat also predicted sales of small and medium sports utility vehicles to grow by over 45% this year.
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Jeff Florian, Senior ReporterTuesday, September 25 - 2007 at 06:24 UAE local time (GMT+4)
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