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New down payment law dents car sales

2015-02-18 02:48:32| Auto Dealers - Topix.net

BEIRUT: The minimum 25 percent down payment imposed by the Central Bank on car loans caused a 6 percent decline in the total number of registered new and used vehicles during January 2015 compared to the same month in 2014, a statement issued by the association of car importers in Lebanon said. "The total number of registered new and imported used cars during January 2015 dropped by 19 percent in comparison with December 2014, 6 percent compared with January 2014 and 8 percent compared with January 2012 and 2013," it said.

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