Auto prices down in Saudi Arabia
Substantial discounts have been offered by Saudi car dealers in the past few months, reported KsaToday newspaper. The auto agencies maintain that the discounts, affecting all car models, result from a recently implemented government policy reducing customs rates.
However, other market sources attribute the price fall to s standard sales strategy, which is usually implemented at the beginning of each summer vacation . Official statistics show that the number of registered automobiles in the Kingdom of Saudi Arabia grew by nearly 20 percent between 1993 and 1998, from 5,861,614 cars to 7,046,154. ― (MENA Report)
© 2001 Mena Report (www.menareport.com)