Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Audi sells 1,904 vehicles in Saudi Kingdom in 2013  Join our daily free Newsletter

MENAFN - Arab News - 18/01/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - Arab News) Audi sold a total of 10,647 vehicles in the Middle East in 2013, as many as 1,904 of them in Saudi Arabia. The UAE was the strongest single market for Audi with 4,458 units sold



Worldwide, the company sold in 2013 around 1,575,500 automobiles, 8.3 percent more than in 2012



Audi Middle East sources said the figure had exceeded the company's annual sales forecasts and thus recorded its best ever year in terms of sales



The company said 16.3 percent more cars were delivered across the GCC and Levant than during the previous year

"We have set a historic sales record on the Middle East market, with demand growing considerably faster than expected," said Trevor Hill, MD, Audi Middle East



"We are still the fastest growing German premium brand in the Middle East. In 2014, we will continue to focus on strengthening our infrastructure backbone. Almost every dealer in the region is investing in new facilities, in line with the company's strategy of sustainable growth," he added


The company aims to achieve an annual sales target of 20,000 units for the Middle East by 2020



Audi-approved pre-owned car sales across the Middle East markets, meanwhile, increased by 28.3 percent in 2013 to 2,248 units

As the demand outstrips the supply, residual values are expected to increase further over the coming months and years

New Audi approved showrooms have opened in Dubai and Riyadh earlier in the year and will be followed by the opening of new Audi approved showrooms in Lebanon and Qatar in February



Major growth drivers over the past year were Audi's three biggest export markets, all of which reported double-digit growth, with China up 21.2 percent, the US up 13.5 percent, and the UK up 14.9 percent. In Europe and China, the brand again led the premium segment in 2013 as the top-selling brand

 


Arab News




  MENA News Headlines
 Mar 23 2017 - Somaliland: Emiratis Military Base in Berbera agreement SignedSomali Land Sun
(MENAFN - Somali Land Sun) As reports indicate the deal is a joint UAE-Egyptian-USA affair in which regular partner Saudi Arabia is kept off limits The UAE Crown Prince Sheikh Mohammed bin ...

 Mar 23 2017 - Montblanc launched a smartwatch. Here's why it mattersThe Peninsula
(MENAFN - The Peninsula) Last week, Montblanc became the first brand in the Richemont family of luxury companies to put out a smartwatch. The Montblanc Summit, based on Google's Android Wear 2 ...

 Mar 23 2017 - Qatar- Mannai approves 40 percent dividendThe Peninsula
(MENAFN - The Peninsula) The ordinary general assembly meeting of Mannai Corporation has approved the board of directors' recommendation to distribute a cash dividend of 40 percent (QR4.00 per ...

 Mar 23 2017 - Qatar- Ooredoo takes lead in cloud and data servicesThe Peninsula
(MENAFN - The Peninsula) Ooredoo is emerging as a leader in cloud and data centre services offering a range of cloud based security, storage, hosting and managed services. The Group added 22 ...

 Mar 23 2017 - Qatar- Nakilat assumes management of LNG MesaimeerThe Peninsula
(MENAFN - The Peninsula) Nakilat has assumed full ship management and operations of Q-Flex LNG carrier Mesaimeer from STASCo (Shell Trading and Shipping Company Ltd) with effect from yesterday, as ...

 Mar 23 2017 - Qatar- QSE index jumps 49.26 points stocks in Gulf see small gainsThe Peninsula
(MENAFN - The Peninsula) Most stock markets in the Gulf made small gains yesterday, recovering some of the week's losses, but trading volumes remained very low. Qatar Stock Exchange (QSE) index ...

 Mar 23 2017 - Qatar condemns Sinai explosionThe Peninsula
(MENAFN - The Peninsula) Doha: The State of Qatar on Thursday expressed its strong condemnation and denunciation over the explosion which took place in the middle of the Sinai Peninsula, killing a ...

 Mar 23 2017 - Qatar- Emir greets President of PakistanThe Peninsula
(MENAFN - The Peninsula) Emir H H Sheikh Tamim bin Hamad Al Thani sent yesterday a cable of congratulations to President of Pakistan, Mamnoon Hussain, on his country's National Day. Deputy Emir H ...

 Mar 23 2017 - Qatar- NAMA joins Agriteq 2017The Peninsula
(MENAFN - The Peninsula) NAMA Center is participating in ‘Agriteq 2017'. It presented three projects run by youth and exhibited their products— perfume, spices, cheese, and other food ...

 Mar 23 2017 - Qatar teams top Arab Open Robotics ChampionshipThe Peninsula
(MENAFN - The Peninsula) Qatar teams have topped the overall championship at the 10th Arab Open Robotics Championship which took place in Doha between March 19 and 21 with contestants from 12 Arab ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help