Mercedes Sales Outperform Credit Restrictions

Emirates Motor Company (EMC), the exclusive distributor of Mercedes-Benz vehicles in Abu Dhabi and Al Ain, has reported sales growth of 8% year-on-year (y-o-y) for H111. However, sales growth for some models on a quarter-on-quarter (q-o-q) on basis show that the brand overcame the overall downturn, which followed the introduction of new loan regulations on May 1. BMI believes one factor in this growth could be the company's tie-ups with local banks and an increase in after-sales services, in line with our view that these are potential growth areas for the local

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