Auto sales continue resurgence, rising 39% y-o-y in 5M2018

Total auto sales rose 39% y-o-y in the first five months of 2018, with 63,946 vehicles sold, according to figures from the Automotive Information Council (AMIC) picked up by Al Mal. Passenger car sales grew 38.3% y-o-y in 5M2018, which saw Chevrolet capturing a 24.2% market share, followed by Hyundai (17.4%), Nissan (16.2%), Renault (7.4%) and Toyota (7.2%). Truck sales also jumped 54% y-o-y during the period, while bus sales rose 9% y-o-y.