March 3, 2009
SUV sales improve with Iraqi security
Sport utility vehicle sales are increasing in Iraq as security in the war-battered Middle Eastern country improves, a Baghdad car dealer says.
With improved safety, Iraqis who once thought a shiny, new car made them a kidnapping target are feeling freer to spend on flashy vehicles, USA Today reported Tuesday.
The Iraqis are very rich. As soon as the security improved, they started buying cars,Shwan Burhan, a car dealer in Baghdad, told the newspaper.
Despite the $30,000 price tag,
18-year-olds, they buy the Hummer, said Hidar al-Dalfiy, owner of Baghdad's Hummer Cars.
It's showing off.
More than status, the Hummer is known as a car able to survive some of the city's crumbling streets, the report said.
Gasoline in Iraq, which has the third largest oil reserves in the world, now costs $1.65 per gallon, helping mitigate some of the cost of buying a new gas-guzzler, the newspaper said.