Bahrain’s Car Market Rises 5.5% in First Half of 2024
TDT | Manama
The Daily Tribune - www.newsofbahrain.com
Economic figures have revealed that Bahrain's car market saw a 5.5% rise by June 2024, with total sales reaching 14,000 new vehicles in the first half of the year.
The economic report, published by the vehicle-focused website "Focus2Move," noted that Bahrain's car market kept up a positive trend through May and June 2024, during which monthly sales hit 2,500 vehicles. Sales for the first half of the year rose to 14,000 vehicles.
The report also mentioned that "Toyota" continues to dominate Bahrain's vehicle market, followed by "Hyundai," which has climbed a spot, and in third place is "Nissan." The "Toyota Land Cruiser" remains the most sought-after car in Bahrain.
The report forecasted that Bahrain's economy would grow by 3.5% in 2024, driven largely by the non-oil sector, which is expected to expand by around 4%. This growth is linked to the recovery of several sectors, including tourism, services, and ongoing infrastructure projects.
It is also noted that new car sales in 2023 saw a 14.7% increase, with total sales reaching 29,700 vehicles in the kingdom.
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