Wed, 04 September 2019
French automotive manufacturer, Peugeot, has posted a substantial period of growth in the GCC for the first half of 2019, with a 61 per cent year-on-year increase.
Peugeot’s sales success in the region is thanks, in part, to the growing popularity of its award-winning flagship SUV – the 3008 – as well as the recently launched premium saloon, the Peugeot 508.
Rakesh Nair, MD at parent company Groupe PSA GCC, says: “We are operating in challenging market conditions, yet despite an overall decline in new car sales in the region we are very encouraged to see such a significant year-on-year growth. Since expanding our operation in the GCC, we’ve seen the brand go from strength to strength. In Q1 this year, we posted record-breaking sales results with a huge growth of 143 per cent compared to the same period last year.”
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