Buses Carry Saudi Commercial Segment

June 2006 | Industry Forecast

The commercial vehicle market has experienced peaks and troughs over the past five years, following trends in the wider economy. The market is pro-cyclical. As GDP growth declined from around 6.0% in 2000 to 3.2% in 2002 and 2003, commercial vehicles sales growth also dropped 9.1% y-o-y in 2002, 4.8% in 2003 and 13.0% in 2004. The commercial vehicle market experienced a recovery in 2005, with a 15.1% growth in sales, as GDP growth touched

If you would like to subscribe to Middle East & Africa Automotives Insight and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Middle East & Africa Automotives Insight please click on the trial link below.