UNITED ARAB EMIRATES CAR MARKET FALLS OFF CLIFF

BY PAUL COCHRANE VEHICLE sales in the United Arab Emirates (UAE) plunged by up to 45% in the first two months of the year compared to 2008, according to Ford, a remarkable change in fortunes from the years of double-digit growth when the US$3.6 billion sector was one of the fastest growing in the world. "Since October, traffic has been different, the roads are noticeably quieter," said Mike Devereux, president of General Motors Middle East. "And the end of the third quarter 2008 was vastly different from the fourth for manufacturers. This year we ...


Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.