Emirates Automotive Market in 2019 has started recovering, despite the total volume is well below the record hit in the 2015. Indeed, in the Full-year ended at 263.001 sales, improving 6.2% from the previous year. BMW gained the market podium, well ahead of the rival Mercedes.
Emirates Automotive Market reported in the 2018 the third fall in a row with 247.652 sales (-10.9%), down almost 40% from the 2015 record. Market is hit by austerity measures, reduced public investment and price increase, related to VAT introduction. The market leader Toyota at the lower share in the decade.
Emirates vehicles market in 2017 has lost 11.3% reducing the annual lost in the Q4 when consumers have anticipated purchases, before VAT 5% introduction in January. 2018 perspectives are negative despite the strong growth of non-oil sector.
Emirates Auto Sales 2016 dropped down more than any other Top market in the World, hit by weak demand both from real internal demand and trading sector. All manufacturers fell down, but Infiniti and Jaguar.
Emirates vehicles sales collapsed in the first half 2016 albeit the country had managed to minimize the effects of low oil prices. Pushed up by last generation of Land Cruiser, Toyota kept the reign.
UAE best selling cars 2015 ranking dominated again by Toyota models despite losing two places in the podium and the leadership. The market hit the all time record again.
UAE Vehicles Market in 2015 hit the new all time record, the second in a row ranking as the World’s 27th. However in the Q4 sales were reported heavily down as demand for re-export was hit by economic restrictions.