The UAE automobile sector remains inside the fast side of the road, as the region ranked top globally exceeding 25 per cent sales growth in 2012 when compared to single-digit expansion in key markets. Following a buoyant growth in 2012, industry specialists in the UAE expect another confident year in advance.
The credit visits the country's leadership for producing a safe environment that provides economic stableness, mainly led by the travel and leisure, trade and logistics sectors.
It is estimated that the UAE's total market volume will certainly touch 305, 000 cars in 2012 in comparison to 243, 500 sold in 2011.
Significant auto sector players in the country told Khaleej Times that 2012 registered strong growth вЂ” via 20 per cent to much more than 30 per cent. Majority of all of them expect an important double-digit expansion for this season as well.
Growth in 2012
Leading executives of auto sector say the sector also seen huge investment in terms of new showrooms and service organisations across the country.
Axel Dreyer, general supervisor, Galadari Autos Company, said: " 2012 was another successful 12 months for us. There is also a very great development with regards to market progress and basic demand, which is supporting us to achieve eco friendly growth. вЂќ
Mazda2 and Mazda3 are much sought after, especially among the growing more youthful generation, Dreyer said, adding: " Our flagship CX-9 has become one of many well-established 7-seater SUVs in the UAE as a result of excellent affordability and contemporary design. вЂќ
Tag Kass, regional managing movie director, Al-Futtaim Honda, said: " 2012 has been a year of buoyant development in new car models with sales up twenty two per cent year-on-year. вЂќ
Michel Ayat, chief executive officer of Arabian Automobiles, said that 2012 saw the automotive marketplace rise by 25 %, which generated one of the top growth rates in the past five years. This was driven generally by govt initiatives, which in turn supported our economy as well as the developing population in the country, Ayat added.