JADA Confirms Stability in Vehicle Prices Amid Adequate Stock

Amman: Jordan Automotive Dealers Association (JADA) confirmed the current vehicle prices offered by automotive dealerships remain "unchanged and stable" at their previous levels, without any spikes.

According to Jordan News Agency, the association released a statement on Thursday affirming that the current stockpile of newly imported vehicles, which has already cleared customs, is "sufficient to cover all categories and models and meet local demand for a period until the end of the second quarter of this year."

The JADA ruled out the need to import vehicles, given the current inventories, and noted that any increases in supply costs will not affect vehicles that are currently available in the Kingdom's warehouses and showrooms.

The association also mentioned that hikes in shipping and insurance costs will only apply to new imports that have not yet reached the Jordanian market.