Road and Transport Authority
(RTA) decided to starts an online service which will help the car buyers to get
the complete vehicle service history for AED 100.
According to Ken
Research report titled “UAE Used Car and Auto Classified Market Outlook to 2022 – By Revenue
Streams (Commission, Paid Listings, Banner Advertisement), By Export and
Domestic Sales” most car dealership exist in clusters, however the big players in the
market have expanded outside their clusters in order to reach out to the
customers easily. Prices, value added service, and brand reputation are
expected to continue 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, 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 super/luxury 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, B2B/B2C 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
There have been a number of regulatory changes such as implication of
VAT that has impacted the market. Some of the key challenges that exist in the
market such as price discrepancy, lack of standardization poor knowledge about
history of car, lack of access to professional help for evaluation are being in
the process of elimination and it is expected to have positive impact on sales
of used cars.
Companies Covered:-
Used
Car Dealerships:
Sellanycar.com, Al-Futtaim, Arabian
Automobiles, Al Naboodah, Elite Cars, Al Tayar, Carswitch.com.
Classified
Used Car Retailing Websites
Carmudi, Yalla Motors, Dubizzle
Key Segments Covered:-
By Type of Regions:- Dubai, Sharjah,
Abudhabi, Umm Al Quwain, Ras Al Khaimah, Fujairah, Ajman
By Sales Channel: B2B/B2C
Dealers, C2C Classifieds
By Type of Cars:- Crossover,
Luxury SUV, Full Size Sedan, Premium Sedan, Luxury Sedan, Full Size SUV, Convertible,
Super Car, Coupe, Entry Level Sedan, Hatchback, Luxury Hatchback, Pick-Up
Trucks
Key Target Audience:-
Used Cars
Dealerships
Classified
Used Car Retailing Websites
Used Car
Buyers
Used car
Sellers
Keywords Covered In
this report:- Average
Price Used Car UAE, Car Ownership Period Used Car UAE, Inspection Used Car UAE,
Best Selling Used Car UAE, Online Used Car Sales UAE, Auto Paid Listing UAE, Export
Used Cars UAE, Dubai Used Car Market, Sharjah Used Car Industry, Preowned Car
Market Abu Dhabi, Used Car Market UAE, Sellanycar.com Revenue UAE, Al Futtaim
Revenue UAE
For more information on the research
report, refer to below link:
Related Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
