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.
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:
Ankur Gupta, Head Marketing & Communications
Ken Research provides bespoke industry intelligence, equity research reports and business consulting services on gamut of sectors across the globe. Our Research process follows interactive brainstorming sessions to gather information from a wide range of sources. We use advanced information management tools, sophisticated analytical systems and methodologies to help our clients with crucial industry information for decision making.