Ford SUVs sales ride high in Middle East

News Flash

Madoff sons reported jewellery violations to U.S.
To seek $2.5bn worth damages from Kuwait for breaking deal
ISM Non Manufacturing Index at 40.6
Pending Home Sales Index down 4% to 82.3
Factory sales fell 5.3% in Nov, biggest drop on record
High price to affect 3G bids: Sunil Mittal
Not desperate to enter 3G: Akhil Gupta
Oil officers strike not to affect ONGC, Oil India output
PSU oil officers strike not to hit ops of most refiners
Crude futures higher; breaches $50/bbl in day trade
Urgent OPEC meeting to take place in Kuwait, in Feb
IL&FS Trust: Sold 24.52 million shares (3.6%) since Dec-23
47% of the current promoter stake pledged with lenders
Satyam promoters holding down to 3.60% vs 5.13% earlier
Oct-Dec crude steel output at 1.5MT, up 17% (YoY)
Tata Steel sales decline 14% to 1.07MT
India likely to send representative for OPEC meet in Feb
SRSR Holding's stake down to 3.5% vs 5.13% in Satyam
Goldman Sachs cut China GDP forecast to 6%
Saregama India gets into big budget film production
Weak Q3 earnings reflecting current stock prices
Crude futures higher;breaches $50/bbl in day trade
Urgent OPEC meeting to take place in Kuwait in Feb
Strike not to hit operations of most refiners
Strike not to affect ONGC, Oil India output
December exports to fall 1.6% (YoY): Sources
Apr-Dec exports at $130bn vs $113bn (YoY): Sources
India FY'09 export seen at $175bn: NW
Rupee closes at 48.69/$ vs 48.56/$ on Monday
Meet to discuss the demand supply situation: Sources

Updated: 12/07/2008 | 08:37 PM IST

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Jyotsna Ravishankar

Saturday, July 12, 2008 (Dubai)

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Ford, Lincoln and Mercury retail sales grew by 21 per cent in the Middle East during the first half of 2008, setting a record performance for the three brands across the region.

Led by a strong surge in Ford utility vehicle sales (up by nearly 50 per cent), the results show an increased consumer preference across the range and Ford believes this trend would get stronger with the launch of the all-new 2009 Ford Flex full-size crossover in the next quarter.

In UAE the trend was similar with an increase of 25 per cent.

"While the US market is witnessing a downturn in SUV sales, Ford has a success story in the Middle East where we see considerable growth across our utility vehicle range," said Hussein Murad, Ford Middle East's Sales and Marketing director.

"Ford now offers an extensive and diverse lineup of utility vehicles with six distinctive models to suit various consumer needs. And with the upcoming launch of the all-new 2009 Ford Flex full-size crossover, we are confident the growth trend will go stronger as we bring yet another innovative product to the region."