By Shane McGinley
Dealer announces big increase in sales for Mercedes-Benz supercar SLR in 2009 despite downturn.
Sales of Mercedes-Benz SLR supercars rose 40 percent last year, the official dealer in the UAE said on Thursday.
Emirates Motor Company (EMC), Mercedes-Benz General Distributors in Abu Dhabi and Al Ain and flagship company of Al Fahim Group said it had seen a 40 percent rise in sales, compared to the previous - despite the downturn in the car industry.
“EMC is ending 2009 on a very strong note,” said the car dealer's general manager Irfan Tansel.
Car sales in the UAE, which have been hit hard by the impact of the global economic crisis, are seen exceeding 2008 peaks within five years, a new report by researchers Business Monitor International has said.
By 2014, automobile sales in the country are predicted to have fully recovered to more than 440,000 units per year, more than previous highs experienced prior to the start of the financial downturn.
Analysts said they expected sales to stabilise in 2010 and for growth "to pick up in the medium term".
Although the UAE is regarded as a major destination for luxury cars, BMI said the budget car market was also growing "as many more buyers are becoming cost conscious amid the global economic downturn".
BMI added that an area of concern for the UAE auto sector was a struggling second hand market which, it said, had been hit by a "sharp downturn in re-exports" due to lack of demand from traditional destinations such as Saudi Arabia and Africa.
EMC began selling Mercedes-Benz cars in the UAE in 1962 and earlier this year it opened the largest Mercedes-Benz dealership in the world in Mussafah, Abu Dhabi.retail news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
OK, How many cars? If they sold 1 car in 2008 and now they sold 2 cars in 2009 , thats 100% increase. does this shows a booming in car industry??