Crisis-driven sales ease in Dubai
- United Arab Emirates: Wednesday, June 10 - 2009 at 10:39
Used-car dealers in Dubai say they are seeing fewer high-end cars being sold for quick cash by owners, reported Reuters. Crisis sales reached a peak in February and March, dealers said, but have slowed since then as banks increased lending and companies laid off fewer employees than they were earlier this year. However, distress sales could pick up again during the slow summer season.
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