Car makers see GCC sales accelerate

Car makers saw a surge in GCC sales last year, adding weight to the region’s economic revival.
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Automotive firms reported significant gains in regional sales over the last 12-months, driven by a surge in oil prices and government spending.
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“The auto market did extremely well last year; I don’t think we expected it to do as well to that extent," said Pierluigi Bellini, associate director for MEA at consultants IHS Automotive.
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“The reason [for the rise] was the oil price. The average for 2012 was just slightly higher than 2011, which was already high… so it was a windfall for oil revenues for countries," he added

http://www.arabianbusiness.com/car-makers-see-gcc-sales-accelerate-488076.html