DROP IN DE­MAND FOR SE­COND-HAND CARS

Qatar Today - - BUSINESS > AUTO NEWS -

Astream of ex­pa­tri­ates leav­ing the coun­try for long sum­mer va­ca­tion has led to a fall in the de­mand for se­cond-hand cars by 20%, ac­cord­ing to a re­port last month. “We use to sell five or six cars in a month even dur­ing the sum­mer hol­i­days. But this sum­mer seems to be dif­fer­ent. We could sell just two ve­hi­cles in Au­gust,” said a trader.

“With fall­ing de­mand, the prices of used cars also de­clined sig­nif­i­cantly. We sold an Ur­van 2010 model for QR20,000,” he added.

An­other trader said that prices of big four-wheel­ers with full op­tions like the Land Cruiser GXR 2010-11 model have de­clined from QR150,000 to QR110,000.

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