GCC commercial vehicles sales up 38pc
Dubai, March 7, 2011
Sales of commercial vehicles in the region jumped 37.97 per cent to 253,790 for the first half of 2010, as compared to the same period in 2009, said motor trade experts ahead of an upcoming commercial vehicles summit in Dubai.
The second edition of Commercial Vehicles Middle East, covering all types commercial vehicles, vehicle attachments, accessories, maintenance and repair services, will run from March 14 to 16 at the Dubai International Convention and Exhibition Centre.
While regional commercial vehicles sales still lag behind pre-recession levels, which reached 722,619 in 2008, the new figures reflect a fresh mood of optimism in the industry, as highlighted by a strong presence of major industry players in the exhibition line-up for Dubai.
Tom Nauwelaerts, general manager of Al Futtaim Logistics, said: “The commercial vehicles market will continue to recover in the GCC and we should see growth over the next few years as a result of developments in the region. However this growth is not anticipated to be at the levels previously enjoyed for a while yet.”
Nauwelaerts, a speaker at the conference running alongside the exhibition, added: “Now we are witnessing an upward trend in freight movement and consumer activity. This is a positive sign for market recovery and hopefully a sustainable future direction.'
Another conference speaker, Alex Borg, regional coordinator for the Chartered Institute of Logistics and Transport International, said: “The market is recovering slowly but surely. We may need three or four years to reach the heights of 2008 pre-recession. The local and international market is still fragile, but should recover fully in time.”
Culminating on the final day with two workshops, the Commercial Vehicles Conference will spotlight modernisation, optimisation, and future plans for the effective fleet management of heavy and light commercial vehicles. – TradeArabia News Service