CONFLICT SENDS SYRIAN CAR MARKET SPIRALLING DOWNWARDS BUT NEW CHINESE MODELS HINT AT RECOVERY
May 1st, 2017
THE SYRIAN car sector has been hit hard by the country’s ongoing civil conflict, now into its sixth year. From nearly 90,000 cars being imported into Syria annually before the rebellion against the rule of President Bashar al-Assad started in 2011, imports have now plunged to around 1,000 cars a year. But despite a burgeoning second-hand car market and rampant smuggling of stolen cars, an agreement was signed this year to locally manufacture China’s Dongfeng Motor DFM brand. Production started in the city of Hama, north of Homs, in February, well within the ...
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