LEBANON CAR MARKET EMERGES FROM ISRAELI-HEZBOLLAH WAR
September 1st, 2005
BY PAUL COCHRANE, in Beirut
THE LEBANESE car market experienced its worse summer in decades as a result of the month-long conflict between Israel and Hezbollah, a two-month sea blockade and an economic downturn, with the number of new registered cars dropping 81% in August alone.
"The car market is in complete chaos right now, millions of dollars have been lost," said Samir Homsi, President of the Association of Car Importers in Lebanon (ACIL) and CEO of Impex Trading, the local representative for Chevrolet and Hummer.
Car dealers had high ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.