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Best Selling Used Car UAE, Car Ownership Period Used Car UAE Arden Key Raiders Jersey , Pre-owned Car Industry UAE- Ken Research
by kenresearch6 · November 5, 2018
ntinue to remain the key parameters for deciding the market leader. Other factors that are expected to have positive impact on the revenue generated in the market include demand for antique and supercars in domestic market Mario Edwards Jr Raiders Jersey , easy availability of financing and declining age of used cars.
Positioning of Used Cars Market in UAE
The market for used car is in consolidation phase in UAE. It has witnessed a positive CAGR in the past five years (2012-2017) even though the new car sales have followed a dome shaped curve. The growth was mainly driven by improving quality of used cars, better post sales services and improved documentation assistance for large number of expatriates and others factors. The passion for cars especially in antique and superluxury car segment in the country is one of the biggest reasons that more players are entering the market. The market witnessed entry of few new players which has altered the competitive landscape in the last few years.
The market is driven by both domestic as well as export sales. The share of export of sales is more than domestic sales. In domestic sales, B2BB2C dealership has the majority share while Crossover has the majority of used car sales volume. Japan based manufactured cars contributed the largest sales.
Regulatory Changes and Transparency in Operation to Drive the Used Car Market