During the first nine months of this year, Moroccan companies ’imports of tourist cars manufactured abroad declined at unprecedented levels, exceeding minus 45 percent.
Moroccan companies ’imports of tourist cars decreased by 6.8 billion dirhams during the period between January and the end of September of this year, when they did not exceed 7.6 billion dirhams, compared to 13.4 billion dirhams in the same period last year.
The impact of this decline in car imports, especially Asian and German, has affected the decline in the transactions of the distributors of global brands stationed in Moroccan cities, after recording a decline in demand as a result of the impact of the purchasing power of consumers, by the negative consequences of the Corona virus.
The facilitation of obtaining financing for the purchase of cars, at an interest rate starting from 0 percent (free), contributed to a partial revival of the sector’s sales, which had stopped completely between March 23 and the end of May of this year.
Source: Hespress
