Slower Vehicle Sales Growth In Line With BMI Forecast

Dealers in the UAE have reported 8% growth in new vehicle sales in H110, which although lower than previous years, is in line with BMI's forecast for 8.5% growth for 2010. Improved consumer confidence and a gradual easing of financial restrictions are being cited as factors in the return to growth, which has contributed to a 12% year-on-year (y-o-y) increase in sales for the wider Gulf region.

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