GURUGRAM, India, November 14, 2018
GURUGRAM, India, November 14, 2018 /PRNewswire/ --
November' 2018 |UAE News
UAE used car market is expected to head towards consolidation as classified portals are gaining prominence as one stop solution for used car. The market size by transaction value is expected to grow at a faster rate as compared to volume sales and will be mainly driven by increased demand for super cars. Reducing average ownership age of used car is another key factor for higher price of used cars. Revival of the country's economy, improving quality of cars and increasing competition are some of the other expected tailwinds. A number of operational and marketing changes are expected to happen in the market as the companies are becoming more customers centric. Change in regulation, taxes, and improved transparency in making the car history accessible will help in gaining the confidence of customers and dealers.
The sales in domestic market are expected to grow at high rate as compared to export sales between 2017 and 2022. In domestic sales, the B2B/B2C dealers will grow at higher pace and will also gain market share. The share of C2C word of mouth sales channel will shrink in future with market expected to become more organized. The domestic sales by region will grow at the fastest rate in Sharjah followed by Dubai and Abu Dhabi, while the demand in other emirates will almost remain constant.
The competition scenario is expected to intensify in the near future as the market gathers momentum and companies go for expansion, acquisition or partnership to promote their business. The dealerships are expanding their retail space as the aesthetics and decorum of the retail outlet is expected to become a significant factor.
Analysts at Ken Research in their latest publication "UAE Used Car and Auto Classified Market Outlook to 2022 - By Revenue Streams (Commission, Paid Listings, Banner Advertisement), By Export and Domestic Sales" believe that revamping of distribution system, exclusive used car dealerships, expansion of antique car segment will help the used car dealership to attract customers and acquisition, partnerships and mergers will help the companies to expand their business inorganically.
For more information on the research report, refer to below link:
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The report titled provides a comprehensive analysis regarding the performance of the used car industry in Indonesia. The gross transaction value and sales volume of the industry have been segmented on the basis of organized and unorganized market. The market has also been segmented by sales volume on the basis of type of car, major cities, marketing channels and vehicle use. The report also covers market share in the online segment along with the competitive landscape of used car companies, used car financing schemes, government regulation and working model of the used car industry. This report will help industry consultants, local used car dealers, online auto classified portals, multi-brand used car showroom dealers, potential entrants and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Used Car Dealerships:
Classified Used Car Retailing Websites
Key Segments Covered
By Type of Regions
By Sales Channel:
By Type of Cars
Key Target Audience
Ankur Gupta, Head Marketing & Communications