Abu Dhabi used car trends in 2016
Used car business is a flourishing business in Abu Dhabi, in fact, the entire UAE. The vendors’ available range from company certified used car dealers to independent used car dealers or franchises.
It is said that in the years to come, the business volumes of the used car sales market may even overtake that of business generated by the sales of new cars in Abu Dhabi and UAE.
Why used car?
Abu Dhabi has the largest oil deposits in the UAE and as much as 90% of the total oil deposits in UAE reside below the earth of Abu Dhabi.
Like any market, the Abu Dhabi market also has consumers from all walks of life. Abu Dhabi is also a collection of people from various financial budget categories from economy to Ultra rich. And the marketplace always offers products and services to cater to everyone’s needs.
Citizens of Abu Dhabi have a trend of frequently changing cars. This means that the used cars are available with a wide range of years and mileage registered on the odometer.
Used car in Abu Dhabi – for everyone
The used car market serves people from all budget categories.
For the people from lower budget category, the used car market in Abu Dhabi affords them to buy a car at a very low price point, thereby not putting any strain on their finances.
For the ultra-rich, they might be looking for a particular antique car say the Lamborghini off-roader which is super rare or that extremely exclusive Jaguar E-Class. Now the antiques can’t be bought new, they by definition have to be pre-owned, right.For people falling in the middle to high budget categories they may have decent budget, but the used car market allows them to buy a better car. Instead of a brand new premium salon car, by using the services of the used car vendors in Abu Dhabi, they may scout for a used supercar, say, a Bentley or a Ferrari coupe.
Abu Dhabi used cars trends in 2016
The trends can be divided into two segments when the demand peaks and where the demand is steady.
The ratio of used cars vis-à-vis new car sales remained steady at a ratio of 1:1. Used and new cars generated the same kind of sales figures averaged over 2016 in Abu Dhabi for sales of cars.
Abu Dhabi used cars trends in 2016 – Holy month of Ramadan
Traditionally, the holy month of Ramadan is a major season for the sale & purchase of both new cars as well as used cars in Abu Dhabi.
The year 2016 was no different and the traditional trend continued in the automotive market of Abu Dhabi, UAE. During the holy month of Ramadan selling current cars and buying new cars is a trend adopted by many residents of UAE in general.
2016 saw a trend towards an increased demand for sports cars; however, the demand there for every category of cars was good but was especially high for the sports car.
Abu Dhabi used cars trends in 2016 – Rest of the year
Like any business, the used cars sales & purchase in Abu Dhabi was a mixed bag over the course of the year. Abu Dhabi used car trends in 2016 can be summarized as having some lean period and some upswing, but overall the used car sales are seeing better growth as compared to the previous years.