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3. This Week’s Figure: Zero Used Car Sales Since End of September

Used car sales remained completely stagnant from the end of September until the announcement of the ceasefire agreement.

According to Elie Kazzi, the President of the Syndicate of Used Car Importers, losses due to damage to imported vehicles during the war between Israel and Hezbollah are estimated at around $60 million.
The sector remains particularly vulnerable, as many Lebanese are reluctant to buy used cars during periods of instability, especially since they are often left parked on the streets.