Automotive articles

Futures in question as losses hit Lebanese car importers

Futures in question as losses hit Lebanese car importers

Reading Time: < 1 minute Citing a 91 percent year-on-year drop in registration numbers of new motor vehicles in April 2020, member companies of the AIA Lebanon (Association des Importateurs d’Automobiles au Liban) fear widespread business closures that could lead to losses of about 10,000 direct jobs. Naming financial barriers, the AIA in a letter of alarm points to “impossibility

Hybrid and electric vehicles in Lebanon

Reading Time: 5 minutes Lebanon still lags behind when it comes to implementing eco-friendly solutions across the board. In the automotive industry this has meant little progress toward the adoption of electric vehicles, despite some positive movement this past year. In April 2018, the government announced under article 55 that those wishing to purchase a hybrid electric vehicle (HEV)

Lack of consumer confidence affecting demand

Reading Time: 3 minutes Fewer new cars will drive onto Lebanon’s streets in 2016 as sales declined slightly from last year. A slower market and tighter profit margins for car dealers have worried some but, like many watchers of the country’s economy, they hope that an election of a president at the end of October will boost consumer confidence,