In the UAE, where people are indulged in used car buying, some others are there, who invest in supercars. So, no matter what kind of a buyer you are, you would be glad to know that Dubai cars are for people of variable budget, needs and choices. Moreover, the auto industry of this powerful nation is also blooming at a rapid rate. This year, the UAE automobile industry recorded the sale of 350,000 units, which is a record-breaking value. Earlier, the record of sales was set in the 2008. And now, after 5 years, the auto industry has once again bounced back with a bang.
It is being estimated that due to this surging progress, the prospective buyers will think of buying new and used vehicles because financing rates are still very low. Also, the banks and finance companies are facilitating financing options at very low rate of interest. Therefore, everyone can afford to get a car for themselves. Moreover, it is being speculated that in the coming year, the sales will rise even more.
According to a recent report, it has been found that The last two years provided enough proof that UAE auto sales were headed back into record-setting territory and at the moment, the completed sales and pointers for the coming weeks indicate that the 2008 high-water mark will be breached.
As an in-mall motor show was organized in the Dubai Mall at the beginning of this year, many new car models have been unveiled in the Dubai auto market. Toyota Corolla became the instant best seller and Mitsubishi is having high hopes from 1.2-litre, three-cylinder Mirage.
Yamout said that: “Big dealerships are now focusing heavily in getting orders from small and mid-sized businesses, through special packages.”
Another recent update states that Tamer Al Hakeem, Marketing GM of Hyundai is coming up with his own strategy to increase the acceptance rate of the cars of South Korean brand amongst fleet buyers.
Al Hakeem said that, “For a clientele such as SMEs, the decision is often decided on a model’s resale value. For them it’s a major investment commitment and they need to be assured that the residual value will hold up.” He added that, “With Hyundai, we have been developing a new cost of ownership programme to enhance the resale value — the results will show up significantly in 2014.”
On the other hand, Gulf News has published that, “But a lot hinge on the Expo 2020 decision — as with every other sector, there will be no holding back the automotive industry if the decision is in favor of Dubai.”
