Special Focus: Commercial Vehicles

Vehicle demand boomed in 2004 and 2005, having recovered from a deep trough in 2003, when foreign exchange controls took their toll on the manufacturing sector. In 2005 GDP expanded by 9.4% and government spending rose by 38% in the first ten months of the year, funded in no small part by oil income. Total vehicle sales were up 60% on a year earlier. Commercial vehicles, including sports utility vehicles (SUVs), accounted for 44% of demand in

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