Cooling of Demand for Cars in Morocco
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.
del.icio.us
Digg
Facebook
Google
Myspace
Email to a friend
Print version
Plain text
Home
Set as homepage
Add to favorites
Mobile site
Rss
Plain text
Archive
Comments (2 posted):
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