Commercial vehicles market bouncing back
The commercial vehicles market in the Middle East is bouncing back from the effects of the global downturn, with major manufacturer Nissan forecasting five to 10 per cent growth for the industry in the Gulf this year.
While the commercial vehicles industry experienced a decline of 15-20 per cent across the GCC due to the global downturn, Nissan is optimistic the market will experience growth in 2010.
Michel Ayat, CEO of Arabian Automobiles Company said: "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.
"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."
Arabian Automobiles, the exclusive dealer of Nissan in Dubai and the Northern Emirates, is participating in Commercial Vehicles Middle East, which opens tomorrow in Dubai, to showcase Nissan's commercial vehicles range and to reinforce Nissan as a key player in this segment.
The entire Nissan commercial vehicle range will be on display at the three-day event, which includes the Nissan Pick-Up, Urvan Microbus, Urvan Panel Van, Civilian Bus and the Navara Pick-Up.
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