1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

Market Report, "United Arab Emirates Autos Report Q3 2011", published

New Transportation research report from Business Monitor International is now available from Fast Market Research

 
PRLog - Jul. 10, 2011 - Car sales in the UAE are expected to rebound significantly in 2011 as the UAE's economy recovers from the Dubai debt crisis and experiences the benefit of higher oil revenue in Abu Dhabi. The UAE is expected to see growth continue in the medium term, but the rapid growth in the 2010-2011 period will be unusual due to the tailing off of the rebound and a return to more normal growth patterns in the broader economy and for consumer spending.

The new car market is not the only booming sector, however, as the second-hand car market in the UAE is registering annual sales of 100,000 units and is worth a total amount of AED5.5bn (US$1.5bn), according to The Gulf News. UAE-based Arabian Automobiles, the exclusive vehicle dealer for Japanese automaker Nissan Motor in Dubai and the northern Emirates, registered a 40% increase in its second-hand car sales in 2010. It also registered an increase of 11% in new car sales, according to Arabian Automobiles' CEO Michel Ayat. The dealer expects sales of new and used cars to equalise over the coming years owing to the rising popularity of pre-owned vehicles in the region.

------------------------------------------------------------
Full Report Details at
- http://www.fastmr.com/prod/205379_united_arab_emirates_au...
------------------------------------------------------------

Luxury car dealers and service centres in the UAE are expecting a windfall from customisation services once the country reforms its road traffic laws. Zawya reports that the government is currently in the process of adapting road traffic laws to allow a far broader range of customisation of cars. Currently many customisations either require permission or, more commonly, are prohibited by the laws of the country.

New information about the purchasing habits of UAE consumers is also being uncovered. According to a recent survey, the New Vehicle Buyer Survey, has found that 66% of all new car purchases in the UAE are made by customers between the ages of 18 and 29. Furthermore, first-time buyers make up 61% of all new car sales, due largely to the young demographic profile of the UAE as a whole. The survey is an important source of information on the nature of the UAE's car buying public. Further important information revealed includes the revelation that car buyers in the UAE usually make brand choices based on seating and ride comfort in addition to styling and reliability. The styling aspect is particularly important in the UAE, where cars have long been an extension of an individual's public image to an extent which is not seen in European markets, for example.

Report Table of Contents:

SWOT Analysis
Industry Forecast Scenario
Macroeconomic Forecast
Competitive Landscape
- Fleet And Rental Contracts
Company Monitor SUV Demand Drives Chevrolet's Regional Growth
Company Profiles
- General Motors Company (GM)

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

# # #

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

--- End ---

Click to Share

Contact Email:
***@fastmr.com Email Verified
Source:Fast Market Research
Phone:1.800.844.8156
Zip:01267
Location:Massachusetts - United States
Industry:Transportation, Automotive, Shipping
Tags:car, uae, ferrari, fiat, Finance, park, dhabi, purchased, abu, peak
Shortcut:prlog.org/11577927
Verified Account Email Address
Verified Account Phone Number

Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share