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Mercedes sales up 18% in ME
Mercedes Benz sales rose 18% in the Middle East in the first 11 months of this year compared to the same period last year, Frank Bernthaler, director of sales and marketing for Mercedes-Benz in the Middle East and Levant, told Gulf News. Bernthaler said that sales reached 18,000 cars this year, in comparison to last year's 15,200 in the same period.
Middle East: 9 hours, 56 minutes ago

UAE auto market tops in region
The UAE automotive market continues to outperform regional peers and is one of the fastest growing markets in the world, according to BMI's latest UAE Automotives Report. Car sales in the UAE rose by 37% year-on-year in the first half of the year, the highest growth among the markets of the Gulf. In a country where the cost of living is accelerating, the market will be increasingly price responsive, giving non-luxury brands potential for growth through their top-of-the-range models, which tend to be priced lower than their luxury brand equivalents. BMI expects price discounting in an increasingly competitive market, with the exchange rate set to determine demand, giving US manufactured vehicles an edge over European and Japanese rivals.
United Arab Emirates: 11 hours, 25 minutes ago

Ford CEO will work for $1 per year to get loan
Ford's chief executive, Alan Mulally, yesterday pledged that he will work for an annual salary of one dollar if the struggling carmaker has to take government money as part of a $25bn bail-out of the US car industry. Mulally also vowed to sell Ford's fleet of corporate jets, cancel all next year's bonuses, close more plants, trim its dealer network and speed up work on developing electric vehicles in a bid to gain support from the US congress.
Wednesday, December 03 - 2008 at 08:54

VW Middle East launches personal configurator
Volkswagen Middle East is offering customers the ability to configure their vehicle with the launch of an Online Car Configurator, available on the Volkswagen Middle East website. The configurator will allow customers to select a model and choose from a range of options and trims to create their ideal Volkswagen car. Options include paint colour, engine size, upholstery, optional equipment, wheels, interior colours and packages.
Middle East: Monday, December 01 - 2008 at 16:34

Middle East important to GM sales
The Middle East - although only 2% of its global sales - now serves as the 'silver lining' of the beleaguered US car maker General Motors. GM sales in the UAE have been increasing by 13% year-on-year. Sales went up from 108,000 vehicles in the first 10 months of 2007 to 122,000 in the same period this year.
Middle East: Sunday, November 30 - 2008 at 12:31

Emirates NBD launches new auto loans
Emirates NBD is to broaden its existing auto finance offerings with the launch of brand new auto loans packages, which provides Emirates NBD existing and potential customers with 'road-ready' loans. The new offering features complimentary Salik card, online Salik recharge, Road Transport Authority and Dubai police fine payments, annual car registration renewal service, roadside assistance, a free bank account, a free credit card for the first year and motor insurance with preferred pricing.
United Arab Emirates: Sunday, November 30 - 2008 at 09:49

Audi ME sales up in October
Audi Middle East has said in a statement that its October sales results have increased to 42% over its 2007 performance in October and are 21% higher for 2008 overall, compared to the year before. According to a senior executive of the company, Audi switched to US dollar invoicing in 2006 as it looks into continued stability in prices as well as resale values.
United Arab Emirates: Saturday, November 29 - 2008 at 07:11

Banks rejecting more car loans in Gulf
A General Motors official said the number of vehicle loan applications being rejected by banks in the Middle East has risen from 5% to more than 20% due to the global financial crisis, Gulf News has reported. The UAE and Qatar are among the markets that have seen a significant rise in these cases. The situation is different in Saudi Arabia, where there are more cash buyers than customers purchasing cars through bank financing, General Motors Middle East operations president Mike Devereux said.
Middle East: Thursday, November 27 - 2008 at 09:05

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