Saudi Arabia approves new financial settlement rules for corruption cases    IMCTC launches second phase of Sahel Countries Program in Niger    Riyadh Season 2024 attracts over 18 million visitors    Disaster happened in 'world's most controlled airspace'    American and father of youngest hostages among those due for release from Gaza Saturday    Palestinian born after father was jailed hugs him for the first time    FireAid: Stars take to stage for LA benefit concert    Singer and actress Marianne Faithfull dies at 78    Saudi, Russian foreign ministers discuss regional issues in phone call    MWL chief meets Italian president in Rome; thanking him for supporting two-state solution    Ettifaq sack Steven Gerrard after poor results, appoint Saad Al-Shehri as new head coach    National Cybersecurity Authority launches 2nd phase of Postgraduate Scholarship Program    GASTAT: Real GDP records growth of 4.4% in Q4 2024    Saudi Arabia launches inaugural Art Week Riyadh on April 6-13    HP is redefining the Future of Work with AI    Mona Lisa to be moved as part of major Louvre overhaul    Neymar bids heartfelt goodbye to Al-Hilal: I will always support you    Al-Nassr announces transfer of Brazilian forward Talisca to Fenerbahçe    SFDA chief rules out plan to ban sale of cigarettes or vapes    Al Hilal and Neymar mutually agree to part ways    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Growing demand for pickups in Kingdom shows robust economy
Published in The Saudi Gazette on 13 - 06 - 2010

In Saudi Arabia, where a huge percentage of consumer goods are imported, a strong demand for pickup trucks could be regarded as an indicator of a robust economy and consumer-driven growth.
The boost in pickup truck sales portends a rise in small-business optimism as the main buyers of the units are small-to medium-scale entrepreneurs, industry analysts said.
“That appears to signal a rebound of optimism among an influential contingency - the small-business owners who constitute the big majority of pickup sales,” they said.
In Saudi Arabia, there is a marked improvement in pickup sales despite the recent global economic slowdown, car dealers said, which only shows that domestic economy remains resilience.
“Pickup trucks are bought by small business entrepreneurs who have their finger on the pulse of the economy,” they said. “It's an expression of confidence in future of economy. They don't buy until they see the prospects for business are brighter,” another analyst added.
At the launch of the new Isuzu D-Max 2011 multi-function pickup in the Saudi market early this week, Bakhashab Brothers Holding Co., dealer of Isuzu vehicles in Saudi Arabia, said the new model is in response to the “big demand in the Saudi market for D-Max” since it was first introduced in 2003. Though gasoline engine is the main player in the Kingdom, the diesel-run D-Max segment was able to hold the second biggest market share.
“In Saudi Arabia, Isuzu is ranked number two in the pickup segment, posting 27 percent in sales volume or more than 25,000 units sold annually at its peak, Sheikh Hisham Khalid Bakhashab, president, Bakhashab Brothers Holding Co, said.
Isuzu Motors Ltd., the world's leading diesel engine manufacturer, having been in the business for over 70 years, was able to come up with an ecology-friendly diesel engine, yet with lower cost and much higher torque.
“Isuzu D-Max is packed with engineering innovations and stylish design. This new pickup meets all expectations in terms of durability, fuel efficiency, power, design and keen attention to detail. The new Isuzu D-Max is a perfect balance of aerodynamic exterior styling and useful practicality integrally compatible with active dynamic lifestyle. It sets new standards with a surprisingly spacious cabin and interior comfort for all occupants to relax and enjoy the ride.”
The low maintenance cost of owning an Isuzu D-Max is a plus factor for owning an Isuzu D-Max, Sheikh Hisham Khalid added. “Since the introduction of this generation, the sale of D-Max has been increased more than 10 percent every year on an average,” he noted.
Tadao Matsumuto, GM of Isuzu Dubai, said “sales volume have been increasing rapidly that we have reached around 60,000 units per year now.”
Isuzu D-Max excelled also in fuel efficiency. At the Isuzu D-Max One-tank Challenge” event launched last January, D-Max run from Riyadh to Jeddah for more than 1,000km without any refueling, he noted, adding that “this is first time ever achievement in the Middle East Region among all automotive brands.”
On concerns over carbon emissions, Matsumuto said Isuzu D-Max has passed the stringent tests in European countries where ecological protection programs are so pervasive.
He said the continuous development of technology has gradually overcome the drawbacks previously associated with the diesel engine. Modern diesel engine, he said, has developed into an environmentally friendly, economical and powerful machine. (See charts).
In Europe, the ratio of diesel-powered passenger cars has been on the rise, reaching over 50 percent of all passenger cars sold (in 2007). – SG/QJM
t market
The ts sales volume have been increasing rapidly that we have reach around 60,000 units per year now.
__


Clic here to read the story from its source.