GCC Car Market Shows Resilience

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Car sales in the Gulf Co-operation Council (GCC) show that consumer confidence improved during Q2. A report by automiddleeast.com has said that sales continued the growth started in March, with many distributors reporting better-than-expected results. In some cases this is feeding into further expansion and/or new products. The report also said that while there are still challenges in the form of restricted credit and reduced liquidity, the problems of global manufacturers are unlikely to affect the regional markets.