By Ed Attwood
Prediction comes despite a 20% slump in the global motor sector last year.
Auto giant Nissan believes the downturn in the regional commercial vehicles segment is over, and hopes to see growth of between five and ten percent this year, a local distributor has claimed.
“For the period of April 2009 to January 2010, sales in the GCC commercial vehicles market were just over 195,000 units, and Nissan sold approximately 30,000 units out of this figure,” said Michel Ayat, CEO of Arabian Automobiles Company, Nissan’s sole distributor in Dubai and the northern emirates.
“It is relatively early to make predictions for 2011, but we are looking forward to an improvement in the market and government initiatives which will help enhance the commercial vehicles industry.”
The executive was speaking ahead of the Commercial Vehicles Middle East exhibition, which opens in Dubai on Tuesday.
The event will feature around 60 exhibitors, including the RTA and Dubai Municipality.
Uptick? Is someone making their own words up?