Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Gov't decision raises car prices  Join our daily free Newsletter

MENAFN - Jordan Times - 13/04/2007

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Jordan Times) AMMAN — A government decision to apply sales tax and other tariffs on vehicle safety devices has already raised car prices and will surely hamper efforts to improve the Kingdom's road safety record, car dealers and citizens said Thursday.

The decision, which went into effect Wednesday, has caused a rise, ranging from JD200 to JD6,000, in the prices of new cars and will also affects the prices of used cars, several car dealers told The Jordan Times.

Citizens with limited incomes looking for cars worth around JD12,000 will have now to pay around JD1,000 extra. "If they want to save this amount, they would opt to buy a car with less specifications, particularly those pertaining to safety, such as ABS (anti-lock brake system) and airbags," said Abu Khaled, who works at an auto agency on western Amman's Wadi Saqra Street, criticising the decision which he said caused confusion in the market.

Head of the customs office at the Zarqa Duty Free area, Mahmoud Dweiri, said the rise in car prices ranges from JD200 and JD2,000.

Dweiri told the Jordan News Agency, Petra, that luxury cars usually have more safety measures and thus will have a considerable rise in their prices.

Director of Al Abrar Wal Rafidain Clearance Agency at the free zone, Mohammad Abul Tayyeb, agreed, but said that the rise in prices exceeds JD2,000 for some brands, particularly large four-wheel drive cars.

Mohammad Hassanein, an Egyptian worker at a car agency, said several cars on sale at his company went up by around JD6,000.

The government on Tuesday decided that safety devices installed on vehicles should be subject to sales tax and unified tariffs starting from Wednesday. This decision suspended a previous one dated September 24, 2006, which exempted these devices from sales tax. The new decision was based on a recommendation by the Jordan Customs Department (JCD), which indicated that these devices have become essential for all vehicles and are no longer optional.

Among the devices that are included in the decision are the ABS, airbags, anti-pollution systems, anti-skip systems and many others.

The Car Agents Association on Thursday called on the government to reconsider its decision and to discuss it with all concerned parties.

Leading car brand agents in the capital disagreed with the JCD. "The agents can ask the manufacturer to exclude some of the safety devices," sales manager in the Ole Group, a leading car brands agent in the Kingdom, Majdi Nashashibi, told the Jordan Times, without specifying any of these devices.

"Over the past two days, the number of visitors to our showrooms declined sharply," Nashashibi told The Jordan Times Thursday evening. He claimed that "the decision will reflect on the public more than us," adding that citizens will have to pay more for their vehicles.

He also said the decision will prompt agents to import more vehicles with fewer safety devices to maintain their sales level, which would reflect on safety levels on the road.

Mohammad Salameh said he was looking for a car with all safety devices, but after the new decision, he is now focusing more on the price of the car.

"I am looking for a car worth around JD12,000 and dealers were telling me that I should've come earlier this week because I would have saved some JD1,000," Salameh, an employee at a private company, lamented, while walking between shiny cars lined up in front of a car dealership.

As for the safety devices, 42-year-old Salameh said: "God is my sole protector."

"The government doesn't care for people's safety, it only cares about getting money out of their pockets," he complained.

Road accidents continue to be one of the leading causes of death in the country. According to police statistics, around 18,000 people have been killed in road accidents over the past 20 years.

According to Traffic Department figures, 865 people were killed last year.

Around 18,000 people were injured during the same year in over 80,000 accidents that cost the country around JD250 million in losses annually, Jamil Mujahed, head the Road Safety Youth Fund, told The Jordan Times in a recent interview.

Last month, the Jordan Insurance Federation, dealing with compulsory insurance for motor vehicles, reported a JD12 million loss during 2006 due to the increase in the number of accidents.


 






  MENA News Headlines
Apr 24 2014Qatar- HH Sheikha Moza Meets Mayor of Kobe Visits RIKEN Research Institution ,Qatar News Agency
(MENAFN - Qatar News Agency) Kobe April 24 - Her Highness Sheikha Moza bint Nasser Chairperson of Qatar Foundation for Education Science and Community Development (QF) today held a meeting with the ...

Apr 24 2014Qatar- Sidra-BMC Event Boosts Biomedical Research Publishing ,Qatar News Agency
(MENAFN - Qatar News Agency) Doha April 24 - A symposium organised jointly by Sidra Medical Research Centre and BioMed Central (BMC) mulled trends in research and on open access publishing here ...

Apr 24 2014Australian Federal Parliament Deputy Speaker Meets HE Qatari Ambassador ,Qatar News Agency
(MENAFN - Qatar News Agency) Canberra April 24 - Australian Federal Parliament Deputy Speaker Bruce Scott met here Thursday with HE Qatar's Ambassador to Australia Yousef bin Ali Al ...

Apr 24 20143 GCC countries among top 30 on network readiness index ,MENAFN
(MENAFN) According to an annual global technology survey for network readiness index for 2014, three GCC countries have made it to the top 30 list for the third year in a row, Gulf Daily News ...

Apr 24 2014Morocco Admitted As Observer Member to SICA ,Qatar News Agency
(MENAFN - Qatar News Agency) La Romana Dominican April 24 - Morocco has been admitted as an observer member in the Central American Integration System (SICA) which also includes each of Belize ...

Apr 24 2014UN Chief: All Parties in Syria Blocking Aid ,Qatar News Agency
(MENAFN - Qatar News Agency) w York April 24 - The UN Secretary General Ban Ki-moon has accused all parties in Syria's civil war of "flagrant violations" of international law over the delivery of ...

Apr 24 2014Saudi government to invest in medical project ,MENAFN
(MENAFN) A cooperation agreement between China International Development and Investment Corporation Limited (CIDIC) and Saudi developer Trans Sadara Company has been established to form Lana medical ...

Apr 24 2014UAE- Investcorp continues expansion ,Khaleej Times
(MENAFN - Khaleej Times) Investcorp a global provider and manager of alternative investment products announced that it has opened a new representative office in abu dhabi. the office is situated ...

Apr 24 2014UAE- Al Maabar hands over 60% units at Moroccan project ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi-based real estate developer al maabar said that 60 per cent of the residential units of phase one at its moroccan bab al bahr project have been delivered to its ...

Apr 24 2014UAE- Dh8 billion Emaar bonanza for its shareholders ,Khaleej Times
(MENAFN - Khaleej Times) This includes 15 per cent cash dividend ? equivalent to about dh975 million ? and 10 per cent bonus shares or 650 million shares valued at about dh7. in a step certain ...

Apr 24 2014UAE ranks second in government ICT use index ,Khaleej Times
(MENAFN - Khaleej Times) The report covering 148 countries this year ranks countries in terms of leveraging information and communications technologies to boost national competitiveness. the uae ...

Apr 24 2014BaByliss for Men E877EE837E Trimmers Mens styling comes of age ,MENAFN Press
(MENAFN Press) BaByliss for Men E877E & E837E Trimmers Men's styling comes of age Jeddah- 20/04/2014 BaByliss has for over half a century been the first preference of beauty salons and ...

Apr 24 2014Qatar- QFC Authority Five-a-Side Football Tournament Kicks Off ,Qatar News Agency
(MENAFN - Qatar News Agency) Doha April 24 - Qatar Financial Centre (QFC) Authority's first Five-a-side Football Tournament is displaying dribbling skills of executives from Doha's financial ...

Apr 24 2014Georgian Justice Minister Leaves Doha ,Qatar News Agency
(MENAFN - Qatar News Agency) Doha April 24 - HE Minister of Justice of Georgia Tia Tsulukiana left Doha on Thursday morning wrapping up a two-day official visit to the country. An agreement on ...

Apr 24 2014Qatar Stock Exchange Down 0.05% ,Qatar News Agency
(MENAFN - Qatar News Agency) Doha April 24 - The Qatar Exchange ended in the red area when trading closed Thursday at 12954.93 points (0.05%) down 6.63 points from the previous closing of 12961.56 ...

Apr 24 2014Afghan Guard Shoots Dead 3 Foreigners in Hospital ,Qatar News Agency
(MENAFN - Qatar News Agency) Kabul April 24 - Three foreigners including a doctor were shot dead and their colleague wounded when a guard of a private Cure Hospital opened fire on them in the ...

Apr 24 2014Uruguay Public Health Minister Meets HE Qatari Ambassador ,Qatar News Agency
(MENAFN - Qatar News Agency) Montevideo April 24 -Minister of Public Health in Uruguay Maria Susana Mu?iz met here on Thursday with HE qatari ambassador to the republic of Uruguay mohamed hassan ...

Apr 24 2014Qatar- Mannai Corp Q1 Net Profit up 73% to QR 150.1 Million ,Qatar News Agency
(MENAFN - Qatar News Agency) Doha April 24 - Qatar Exchange listed Mannai Corporation (QE: MCCS) net profit is up 73% to QR 150.1 Million for the first quarter of fiscal year 2014 ending March 31 ...

Apr 24 2014Bahraini firms forecasted to grow 10 pct ,MENAFN
(MENAFN) In a report based on a study of over 650 companies across GCC, Kuwait Financial Centre (Markaz) forecasts a growth of the Bahraini companies' earnings by 10 percent in 2014, Gulf Daily News ...

Apr 24 2014Israeli Army Storms Deir Samit Village West of Hebron ,Qatar News Agency
(MENAFN - Qatar News Agency) bron April 24 - Israeli army forces stormed at dawn Thursday Deir Samit village southwest of Hebron city in the West Bank. The Israeli forces conducted raid and search ...

more...


 
Live Currency Rates






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help