The research forecasts a compound annual growth rate of 11.5% over the next eight years for the sector, which was valued at $20.15 billion in 2022
Used cars in UAE
Latest in Used cars in UAE
buying behaviour
Mileage, fuel efficiency critical factors to buying pre-owned cars in the UAE, survey shows
Commissioned by Cars24, it shows more than half of UAE consumers are swayed by ‘kilometers-driven’ and ‘fuel efficiency’
automobile industry
UAE public call for greater transparency in used car market
In a survey of over 1,000 UAE residents, 60 percent of respondents across all ages and nationalities identified quality and reliability as a key concern when looking to buy a used car
automobile industry
Cars24 to accelerate growth following record Dubai lease signing
1,000,000 sqft commercial facility in Jebel Ali was leased by Knight Frank, worth more than $10.9m
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Background
50% drop in new car sales in the UAE
While the new car sales market has seen a decline in the last few years, the pre-owned and used car market in the UAE has seen a steady growth.
digital marketplace
Gallery: Top 10 most viewed pre-owned cars in the UAE
Dubizzle Motors, the UAE’s largest used car marketplace reveals Japanese sedans such as the Toyota Camry, Toyota Corolla, Honda Accord, and Nissan Altima were amongst the top 10 most popular models last year.
Buy New and Used Cars
Revealed: the most popular used car in the UAE
Toyota Camry identified as the most viewed car on Dubizzle Motors, recording over 1.18 million page views in 2018
Amr ElGabry
90% of UAE residents ‘favour used cars over new ones’
Dubizzle Motors says around 65% of respondents would pay cash for a used car, while 44% would opt for a financing option