Browse related articlesUsed-car sales plummet in UAE
United Arab Emirates: Monday, December 29 - 2008 at 12:22
Sales of used cars in Dubai and Sharjah have fallen substantially, according to Sanjay Singh, manager of Advantage Used Cars in Dubai. He said the luxury used cars business has been almost zero because banks are reluctant to finance such deals. A dealer at Al Aweer said since the banks have raised the minimum salary for used car finance to Dhs5,000, ordinary buyers cannot obtain bank loans.
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StaffMonday, December 29 - 2008 at 12:22 UAE local time (GMT+4)
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