Companies
Gulf Bucks SUV Trend
May 2006 | Market Trend AnalysisThe Gulf States have witnessed high levels of growth in sports utility vehicles (SUVs), bucking global trends. SUVs typically have enough room to comfortable seat seven or eight passengers, with 4WD, large cargo space and V8 engines. While SUV sales in developed markets have suffered as a result of high fuel prices, SUVs are fast becoming the vehicle of choice in the region. Around 30% of cars registered in the GCC are SUVs, which are experiencing soaring demand. Even SUVs with high fuel consumption are thriving in this oil-producing
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