Auto sales drop 37% y-o-y in 10M2017

Auto sales declined 37% y-o-y in 10M2017 to 108.7k vehicles from 173.5k last year, according to an Automotive Information Council (AMIC) report picked up by Al Mal. Passenger car sales dropped 36% y-o-y to 79k units from 124.2k last year, with locally assembled and imported passenger cars dropping 27.8% and 42.8%, respectively. Bus sales also dipped 42% y-o-y to 10,814 units. The y-o-y decline in truck sales reached 38% to 18,924 units.