UAE new car sales forecast to hit 267,000 by 2020

More than 150 car manufacturers, including the UAE's Devel, will take part in this year's Dubai International Motor Show
Among the eye-catching reveals at the 2017 show, UAE-based supercar manufacturer Devel will unveil a production version of the Devel Sixteen.
By Staff writer
Fri 22 Sep 2017 09:57 AM

More than 150 car manufacturers will take part in this year's Dubai International Motor Show as analysts forecast that new car sales in the UAE will reach 267,000 by 2020.

The Dubai International Motor Show 2017, which runs at Dubai World Trade Centre (DWTC) from November 14-18, is expected to see launches and unveilings of new models are surpass the 18 global and 139 seen at the previous event in 2015.

A recent report from Alpen Capital suggests that the number of passenger cars in the GCC is expected to grow at 5 percent CAGR from an estimated 10.2 million in 2015 to 13.2 million in 2020.

Over the same period, new car sales are projected to hit 1.4 million by 2020 compared with 1.2 million in 2015. The same report forecasts that new car sales in the UAE will reach 267,000 by 2020, compared with 215,000 in 2015, while sales of new cars in Saudi Arabia are expected to reach 743,000 in 2020.

Among the eye-catching reveals at the 2017 show, UAE-based supercar manufacturer Devel will unveil a production version of the Devel Sixteen, four years after the 5,000-brake horse power prototype debuted at the 12th Dubai International Motor Show.

Majid Al Attar, chairman, Devel, said: “As a homegrown UAE manufacturer, Devel is committed to the Dubai International Motor Show. It is the perfect opportunity for us to showcase our cars to serious petrolheads and car enthusiasts from across the Middle East and beyond.

“This region has a true love affair for all things motoring and we are proud to represent the UAE automotive industry. Visitors to the Devel stand will be in for a real treat as we have some exciting reveals during the show.”

Trixie LohMirmand, senior vice president, Exhibitions & Events Management, Dubai World Trade Centre, said: “The 14th Dubai International Motor Show represents the perfect platform for major manufacturers and automotive suppliers to connect with thousands of potential buyers from across the UAE, wider GCC and beyond.

"It is testament to the strength and reputation of the show that the world’s major automotive players are coming back again; they can see the potential in this region as a timely counter to the generally cautious weathervane in other markets.”

With the UAE home to the region’s highest number of luxury cars per capita, a recent study of the global luxury car market by ReportBuyer predicted that sales of luxury cars in the Middle East would grow at an annual rate of between 4-5 percent over the next few years.

“The Middle East’s love affair with the automobile continues to inspire confidence, with regional sales per capita expected to outstrip market performance in other areas of the world,” added LohMirmand.

This year’s Dubai International Motor Show counts specialised sectors for motorbikes.

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