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Fri 31 Jan 2020 12:40 AM

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Abu Dhabi car sales value rises to $7.8bn, up 5%

Statistics Centre-Abu Dhabi says the automotive trade index in Abu Dhabi has maintained its positive momentum in first 10 months of 2019

Abu Dhabi car sales value rises to $7.8bn, up 5%

Statistics Centre-Abu Dhabi said the automotive trade index in Abu Dhabi has maintained its positive momentum achieving 5 percent growth.

Car sales in Abu Dhabi jumped in value to more than AED28.6 billion ($7.8 billion) in the first 10 months of 2019, according to new official figures.

Statistics Centre-Abu Dhabi said the automotive trade index in Abu Dhabi has maintained its positive momentum achieving 5 percent growth during the review period compared to the same period in 2018.

The figures, cited by state news agency WAM, also showed a significant increase in auto resales, amounting to AED14.5 billion in the same period, a 27 percent surge compared to AED11.38 billion during the first 10 months of 2018.

Imports accounted for AED13.9 billion from January to October 2019 compared to AED15.7 billion while the emirate’s car exports increased to AED350 million, a rise of 37.2 percent compared to AED255 million during the same period in 2018.

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