The annual rate of change in vehicle sales in the United Arab Emirates (UAE) in 2019 was a decrease of approximately two percent. In comparison, the annual growth rate of vehicle sales in 2013 was about 18 percent in the United Arab Emirates.
GCC automotive overview
The vehicle market in the Gulf Cooperation Council (GCC) is one of the fundamental sectors of the region. It has undergone persistent growth over the years. The main market of the region is Saudi Arabia as they have the largest new car sales and auto parts segments. The region heavily depends on Japanese and Korean vehicle manufacturers, but it is also a promising market for premium car brands. Premium car brands such as Mercedes, Range Rover, and Porsche started becoming more popular in the United Arab Emirates (UAE) due to the increasing consumer disposable income. On the other hand, the market for used and aftermarket cars has also been growing, especially after the COVID-19 pandemic that has caused people to rethink their spending due to the growing uncertainty in the economies worldwide.
UAE automotive overview
The UAE’s automotive sector has shown remarkable comebacks since 2008, with vehicle sales exceeding 235 thousand units in 2019. The best-selling car brand in UAE in 2019 was Toyota with a market share of 30 percent. The conditions in the country are very encouraging for consumers wanting to purchase new vehicles. They have relatively low fuel costs, low import tariffs, and low taxes. Consumers benefit from complimentary insurance and finance options, and a high per capita disposable income that exceeded 35 thousand U.S. dollars in 2017. However, following the pandemic in 2020, the market witnessed a drop in sales, and the economy suffered from the fall in oil prices in international markets. The market did not recover for the rest of that year. Nevertheless, car dealerships are attempting a new approach of introducing online bookings, digital services, and job-loss insurance protection to adapt to the crisis and revamp sales again.
Annual growth rate of vehicle sales in the United Arab Emirates from 2010 to 2019
Characteristic
Growth rate
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
CarSalesBase. (January 24, 2020). Annual growth rate of vehicle sales in the United Arab Emirates from 2010 to 2019 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1136579/uae-number-of-vehicle-sales-growth/
CarSalesBase. "Annual growth rate of vehicle sales in the United Arab Emirates from 2010 to 2019." Chart. January 24, 2020. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1136579/uae-number-of-vehicle-sales-growth/
CarSalesBase. (2020). Annual growth rate of vehicle sales in the United Arab Emirates from 2010 to 2019. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1136579/uae-number-of-vehicle-sales-growth/
CarSalesBase. "Annual Growth Rate of Vehicle Sales in The United Arab Emirates from 2010 to 2019." Statista, Statista Inc., 24 Jan 2020, https://www.statista.com/statistics/1136579/uae-number-of-vehicle-sales-growth/
CarSalesBase, Annual growth rate of vehicle sales in the United Arab Emirates from 2010 to 2019 Statista, https://www.statista.com/statistics/1136579/uae-number-of-vehicle-sales-growth/ (last visited August 24, 2024)
Annual growth rate of vehicle sales in the United Arab Emirates from 2010 to 2019 [Graph], CarSalesBase, January 24, 2020. [Online]. Available: https://www.statista.com/statistics/1136579/uae-number-of-vehicle-sales-growth/