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Wednesday, 12 April 2017

Six car models hold 50.8% of passenger car market in Jan and Feb -AMIC

Six car models collectively held a 50.8% share of the passenger car market in January and February, according to the latest report from Automotive Information Council (AMIC) picked up by Al Mal. Nissan’s Sunny took the lead with a market share of 16.8%, followed by Mitsubishi Lancer (9.2%), and Nissan Qashqai (7.6%). While Nissan’s Sentra came in fourth with a 7.5% market share. In contrast, the eight car brands MG, Proton, Brilliance, Ssangyong, Skoda, Chrysler, Honda, and the Chinese FAW did not import any new car shipments during 1Q2017 for multiple reasons that include FX liquidity shortage and excess inventory due to dwindling sales, the newspaper also adds, citing a Customs Authority report.

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