Can auto market rebound in 2018?
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People are holding back on big-ticket car purchases in Oman despite attractive campaigns from dealers and banks. According to a report from the BMI Research, there is scope for a small rebound of around three per cent in the new vehicle sales across 2018.
A recent report from Alpen Capital said the number of passenger cars in the Gulf Cooperation Council (GCC) is expected to grow at five per cent Compound Annual Growth Rate (CAGR) from an estimated 10.2 million in 2015 to 13.2 million in 2020.
In the GCC, Saudi Arabia showed a decline of 19.4 per cent, the United Arab Emirates (UAE) 24.7 per cent, Kuwait 28.2 per cent, Qatar 25.2 per cent and Bahrain 23.6 per cent.
Here are some more selected news articles for the week ending 10 April 2021. Go here for Part 1.
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