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Reuters
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In the first nine months of this year, imports of foreign-made passenger cars by Moroccan companies declined to unprecedented levels exceeding the negative 45 percent.
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Imports of passenger cars by Moroccan companies fell by 6.8 billion dirhams during the period from January to the end of September of this year, when they did not exceed 7.6 billion dirhams, against 13, 4 billion dirhams in the same period last year.
The impact of this drop in car imports, particularly Asian and German, has affected the decline in transactions of distributors of global brands located in Moroccan cities, after registering a drop in demand due to the impact of the power of consumer purchase, negative consequences of the Corona virus.
The facilitation of obtaining financing for the purchase of cars, at an interest rate starting from 0% (free), contributed to a partial recovery in sales in the sector, which had come to a complete halt between March 23 and the end of May of this year.
Source: Hespress
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