Home | Business | Industries and Markets | Cooling of Demand for Cars in Morocco

Cooling of Demand for Cars in Morocco

Font size: Decrease font Enlarge font
image Car Show in Morocco

Although 2008 is on track for a new record for the auto industry in Morocco, the fourth quarter is turning out to be more challenging than predicted.

Demand for cars dropped below expectations, and the industry blames the month of Ramadan and the back-to-school season as the primary reasons for the lackluster performance. The industry argues that household finances were stretched thin due to these two events and very little money was left for anything else.

As the fourth quarter continued to evolve, tracking of sales showed units down nearly 6%, as we come to close to the end of the quarter. Highlighting further sensitivity to pricing, lower priced cars held the top stops in market share terms, with Kia being the most sold car in the quarter.

Comments (2 posted):

albert on 23 March, 2009 04:43:51
avatar
Keep writing
Mark Belliveau on 05 February, 2011 08:14:37
avatar
No market at Morocco at all.
Morocco is going for bankruptcy for sure.
The only emergent country and market in this region is Algeria.
Go invest in Algeria.

Post your comment comment

Please enter the code you see in the image:

  • email Email to a friend
  • print Print version
  • Plain text Plain text
Tags
No tags for this article
Rate this article
5.00
Connect with Us
Connect with Us
Click below if you like