Car sales likely to go up 20pc despite strict financing rules:Doha

摘要

Despite stricter auto financing regulations, car sales in Qatar are expected to grow 20 percent this year compared with 2012 with sales volumes touching nearly 100,000, says an industry expert. "According to the Middle East Automobile Council (MEAC) estimates, in 2012, over 80,000 new vehicles were sold, and this year Qatar's auto sector is forecast to sell up to 95,000 units, despite Qatar Central Bank's (QCB) stringent auto financing policies," said Mohamed El Talkhawi, General Manager of Sales and Marketing at Q-Auto, the new dealer of Audi products in Qatar.