CAR SALES PLUNGE IN LEBANON AMIDST FINANCIAL AND ECONOMIC CHAOS
January 1st, 2020
Sales of new cars in Lebanon have plunged 74% in the last two months of 2019 (compared to November and December 2018) as the country has faced financial and political chaos following the eruption of mass demonstrations in October. these prompted the resignation of the government - and while a new administration under Prime Minister Hassan Diab Took office on January 22, business transactions continue to be hampered by restricted access to US dollars. Overall, new car sales were down 33.4% in 2019, to 21,991 units, according to the Association of Automobile ...
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