The Performance of UAE Auto Industry in 2014

2014 was a fruitful year for UAE’s automotive vehicle business, that is doubtless the quickest growing automotive vehicle market within the world once Kingdom of Saudi Arabia. It grew with a big figure of six.5% within half of 2014. the most reason for the high automotive vehicle sales was the rise in customers’ interest towards each new and used cars.

2014 automotive vehicle Market Growth

According to Khaleej Times, in 2014, the automotive vehicle sales growth went up to thirteen within the UAE, whereas the expansion rate within the U.S, U.K, Asian country and Europe was four.6%, 8%, 10%, 1.4% severally. The automotive dealers had a really undefeated year as they sold quite their targeted sales. the port was the best tributary Emirate commercialism important range of cars. The 2014 automotive vehicle market growth additionally vie a significant half in GCC’s trade price. The Gulf Cooperation Council (GCC) discovered an associate degree increasing trade price (90% accounted for the imports) in 2014 reaching USD sixty six.5 billion. This trade price was thirty-ninth on top of it absolutely was recorded in 2010 and UAE’s automotive vehicle sector had a significant contribution to it (around fifty-one percent). UAE’s automotive trade figure went up to USD twenty.7 billion, a rise of forty-third since 2010. ninety-four of the contributions to the present range were the imports. Cars accounted for sixty-three of UAE’s automotive imports around the globe, whereas the elements & accessories and trucks contributed twelve.6% and 12.1% severally.

Auto Sales Records 2014

According to BMW, in 2014, UAE contributed up to fifty-four percent for the automotive sales out of the whole BMW exports within the Near East. Similarly, Emirates Motor Company (EMC), Mercedes-Benz authorized general distributor rumored thirty-ninth year over year growth in 2014 in United Arab Emirates's capital alone. United Arab Emirates's capital additionally created Rolls-Royce sales record in 2014.

The growth was additionally the end result of recent automotive launches and productions. as an example, in 2014, Toyota frees its new automotive, Toyota Avanza – a seven-seater MPV. Lamborghini launched it super automotive, Huracán record 610-4 within the same year, whereas UAE’s initial supercar, port Roadster, hit the assembly lines last year; it's expected to be seen on the UAE roads this year.

2014 Used automotive Market

Not solely the new cars, however used cars have additionally seen a decent range of sales in 2014. A survey result forecasts that by 2016, eight out of ten voters (75 %) of UAE’s population would purchase an automotive (either new or used one). This market is growing thanks to the ever developing automotive sector and therefore the increasing range of enticing new showrooms. one among the most important on-line automotive advertising corporations, dubizzle, claims that they placed quite seventy two,000 automotive advertisements each month whereas overall, quite 693,000 automotive advertisements were shown on their web site in 2014. in step with the UAE automotive vehicle business survey for the website’s information of used automotive marketplace for the primary ten months of the year 2014, the highest three big-ticket cars sold  were Lamborghini Aventador (AED one,959,000), Mercedes Benz G63 AMG 6X6 three (AED one,890,000) and Rolls Royce Phantom (AED one,635,000). the web site additionally shows the highest three models sold  within the UAE, that embrace Honda Civic (Average price- AED: twenty six,000), Toyota curl (Average worth – AED twenty nine,600) and Toyota Camry (Average worth – AED thirty,500).

The General Manager of 1 of the most important automotive distributors, Galadari cars, Ewan Ramsay says, “We recorded important year-on-year rise in new automotive sales and after-sales business last year. The used automotive business continuing to deliver steady performance whereas the rental business registered sturdy double-digit growth.”

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Chinese Cars within the UAE

Very recently, the Chinese carmaker, Dongfeng Motors, additionally determined to sell its cars within the UAE. although a number of the Chinese makers as well as Chery, Foton, Great Wall Motors and GAC Motors have already introduced their cars within the UAE years past, however the japanese vehicles have continuously been the foremost automotive market grabbers. in step with Khaleej Times, the amount of vehicles tributary to UAE automotive vehicle market in 2014 was 405,000. Out of this range, the Chinese market grabbed solely eleven,000 vehicles. the japanese automotive makers, on the opposite hand, dominated the market by feat the best share (68%), followed by the eu (12%), the yankee (10%), and therefore the Korean cars (9%).

The Chinese automotive vehiclemakers area unit operating onerous on their vehicles currently introducing high-tech  auto options in their latest cars, thus presently they're expecting 100% year over year growth.

A Landscape of UAE’s industry in 2015

Numerous automotive vehicle business developments have already been seen within the half-moon of 2015, as well as the new Ford pony EcoBoost, the Cadillac ATS auto, the discharge of Aston Martin Vulcan and therefore the arrival of 2015 Maserati Ghibli, Quattroporte this fall AWD within the Emirates. The Hyundai classical music Turbo Sport has additionally begun its sales within the Emirati showrooms.

To increase and stabilise the expansion rate, UAE’s automotive strategy is to create additional business units with a extremely productive human resource to produce customers with top quality vehicles. UAE’s automotive market are seeing several new cars during this year as well as car Renegade, BMW two Series Active Tourer introduce hybrid, Suzuki Celerio, Hyundai Genesis, Honda HR-V, Aston Martin Lagonda Taraf, Mercedes-Benz G-Class, Audi A1 lift, Honda Civic lift, Sport trim kind R and BMW three Series lift in 2015.

For this year, the dealers area unit optimistic to urge smart automotive sales, although it's trying a small amount difficult. all the same, the expansion rate may not reach as high because it went within the previous year. to show the table, they have immense business promotions and advertisements. to form 2015 a undefeated year for cars sector, new areas and expanses area unit hoped to urge in use for displaying a wonderfully outfitted automotive sales market. additionally to it, new vehicles area unit expected to urge launched to make additional opportunities for the automotive market to grow.