CarSwitch report also reveals that SUVs are the most popular models in the UAE's used car market, making up 45% of the sector
SUVs are the most popular models in the UAE’s used car market, making up 45 percent of the sector, according to a report by Dubai-based car online platform CarSwitch.
Hatchbacks and sportier coupes hold 8 percent each with the remainder predominantly sitting with sedans, said the report which analysed over 7,000 seller requests over the past couple of months of 2018
The most popular used car makers for the second year in a row are Toyota and Nissan, leading the market with an 11 percent share each. Ford follows in third place with an 8 percent share, overtaking BMW’s lead last year. Mercedes is another very popular make that closely follows BMW with an equivalent 7 percent share.
Mitsubishi Pajero is the most popular used car available for sale at the moment, with a 3.6 percent share. Toyota holds five spots in the top 10 with its Civic, Corolla, Camry, Prado and Yaris models, while the Nissan Altima, Ford Edge and Honda Accord also make noteworthy appearances.
The report further revealed the UAE’s transient consumers often opt to sell their used cars at the end of the school summer season.
It also found that 54 percent of sellers in the country own a car that is a 2013 model or newer. While cars in the UAE lose about 20-30 percent in their first year and 15-20 percent every year that follows, older models (before 2009), remain relatively well-valued at AED45,000. Furthermore, 55 percent of used cars are valued between AED30,000-110,000, according to the report.