New car sales in Morocco are expected to reach 45,000 units in 2001, Abdullatif Ajana, chairman of the local auto manufacturers federation, told Auto Magazine. Ajana estimated Morocco’s actual demand for new vehicles at 100,000, but explained that Morocco’s consumer purchasing power has weakened over the past few years.
Ajana urged government banks to adopt a loaning policy that would facilitate cars purchases by middle-income families, at a price range of between Dh50,000-Dh60,000 ($4,500-$5,000). The Arab Industrial Development Organization (AIDO) estimates local automobile production in Morocco at 25,000 vehicles a year, reported Al-Sharq Al-Awsat. — (menareport.com)
© 2001 Mena Report (www.menareport.com)
