{"id":1220,"date":"2021-12-04T06:48:38","date_gmt":"2021-12-04T06:48:38","guid":{"rendered":"https:\/\/www.squareyards.ae\/blog\/?p=1220"},"modified":"2022-10-17T08:19:55","modified_gmt":"2022-10-17T08:19:55","slug":"revenue-of-used-car-market-in-uae-cart","status":"publish","type":"post","link":"https:\/\/www.squareyards.ae\/blog\/revenue-of-used-car-market-in-uae-cart","title":{"rendered":"Revenue of Used Car Market in UAE"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Used cars are actually of great value in today\u2019s time. They are really good and last for a long time. Using the same car model by paying a lower purchasing price is the major reason for the increment in used car sales.\u00a0<\/span><span style=\"font-weight: 400;\">But besides using the same model at lower prices, there are many other reasons that have increased the revenue of the used car market in UAE.\u00a0\u00a0<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_40 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" area-label=\"ez-toc-toggle-icon-1\"><label for=\"item-6a135713f1af7\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-6a135713f1af7\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.squareyards.ae\/blog\/revenue-of-used-car-market-in-uae-cart\/#Advantages_of_Buying_a_Used_Car\" title=\"Advantages of Buying a Used Car\">Advantages of Buying a Used Car<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.squareyards.ae\/blog\/revenue-of-used-car-market-in-uae-cart\/#Used_Car_Market_in_UAE_Duabi\" title=\"Used Car Market in UAE, Duabi\">Used Car Market in UAE, Duabi<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.squareyards.ae\/blog\/revenue-of-used-car-market-in-uae-cart\/#Key_Factors_of_The_Used_Cars_in_UAE\" title=\"Key Factors of The Used Cars in UAE\">Key Factors of The Used Cars in UAE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.squareyards.ae\/blog\/revenue-of-used-car-market-in-uae-cart\/#Future_Potential_Market_of_Used_Cars_in_UAE\" title=\"Future Potential Market of Used Cars in UAE\">Future Potential Market of Used Cars in UAE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.squareyards.ae\/blog\/revenue-of-used-car-market-in-uae-cart\/#Expected_Revenue_of_Used_Car_Market_in_UAE\" title=\"Expected Revenue of Used Car Market in UAE\">Expected Revenue of Used Car Market in UAE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.squareyards.ae\/blog\/revenue-of-used-car-market-in-uae-cart\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.squareyards.ae\/blog\/revenue-of-used-car-market-in-uae-cart\/#Frequently_Asked_Questions_FAQs\" title=\"Frequently Asked Questions (FAQs)\">Frequently Asked Questions (FAQs)<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.squareyards.ae\/blog\/revenue-of-used-car-market-in-uae-cart\/#What_is_the_annual_rate_of_used_cars_sold_in_the_UAE\" title=\"What is the annual rate of used cars sold in the UAE?\">What is the annual rate of used cars sold in the UAE?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.squareyards.ae\/blog\/revenue-of-used-car-market-in-uae-cart\/#Why_are_UAE_residents_buying_more_used_cars\" title=\"Why are UAE residents buying more used cars?\">Why are UAE residents buying more used cars?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.squareyards.ae\/blog\/revenue-of-used-car-market-in-uae-cart\/#Which_used_cars_in_UAE_are_best_to_buy\" title=\"Which used cars in UAE are best to buy?\">Which used cars in UAE are best to buy?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.squareyards.ae\/blog\/revenue-of-used-car-market-in-uae-cart\/#Which_car_has_the_best_resale_value_in_the_UAE\" title=\"Which car has the best resale value in the UAE?\">Which car has the best resale value in the UAE?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.squareyards.ae\/blog\/revenue-of-used-car-market-in-uae-cart\/#The_average_age_of_cars_in_Dubai\" title=\"The average age of cars in Dubai\">The average age of cars in Dubai<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Advantages_of_Buying_a_Used_Car\"><\/span>Advantages of Buying a Used Car<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Below we have mentioned some major advantages of purchasing a used car:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Used cars cost less<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It comes with less depreciation that means a better investment<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Used cars have lower insurance rates<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Used cars have fewer hidden fees<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You have many options in the same budget slot<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Used cars include total confidential pricing <\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Used_Car_Market_in_UAE_Duabi\"><\/span>Used Car Market in UAE, Duabi<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1222\" src=\"https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2021\/12\/UAE-Used-Car-Market-Dubai.jpg\" alt=\"UAE Used Car Market Dubai\" width=\"1110\" height=\"555\" srcset=\"https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2021\/12\/UAE-Used-Car-Market-Dubai.jpg 1110w, https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2021\/12\/UAE-Used-Car-Market-Dubai-300x150.jpg 300w, https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2021\/12\/UAE-Used-Car-Market-Dubai-1024x512.jpg 1024w, https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2021\/12\/UAE-Used-Car-Market-Dubai-768x384.jpg 768w\" sizes=\"auto, (max-width: 1110px) 100vw, 1110px\" \/><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Used cars rental market has increased at an adverse CAGR of 0.6% from 2015-2020. And this mainly happened with the influence of taxation that the government has introduced with the less number of rented cars during the lockdown period in the country.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Therefore, a good recovery in tourism is expected due to the increased technological upgradation for both customers and suppliers with the help of favourable government initiatives by means of Expo 2020 or Abu Dhabi Grand Prix.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Above given positive changes in consumer preferences are the plus factors, due to which the growth of the UAE car rental market is estimated in the near future.\u00a0<\/span><\/p>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Key_Factors_of_The_Used_Cars_in_UAE\"><\/span>Key Factors of The Used Cars in UAE<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: left;\"><strong>New cars and used cars re-export by country<\/strong><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Iraq<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">China<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Oman<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">UAE Free Zone<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Saudi Arabia<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\"><strong>Type of Cars<\/strong><\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Hatchback<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Pickup Truck<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sports Car<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">SUV\/Crossover<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sedan<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Coupe<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Convertible<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Other (Utility Van, Truck, Wagon etc)<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\"><strong>Type of manufacturers based on their regions<\/strong><\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Korean<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Japanese<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">German<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">American<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">British<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\"><strong>By sales channel<\/strong><\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Online marketplace players concluding classified channel<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">B2C and B2B dealers<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">C2C \u2013 (word of mouth)<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\"><strong>By region<\/strong><\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Umm Al Quwain<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ras Al Khaimah<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Dubai<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sharjah<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Abu Dhabi<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Fujairah<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ajman<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\"><strong>Key target audience :<\/strong><\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Used car dealerships<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Auction players<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Classified used car retailing online websites<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Online market portals dealing in used car<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Used car finance companies<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Government bodies<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Venture capital firms and investors<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Associations of used cars<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Used car sellers<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Used car buyers<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\"><strong>Used car companies in UAE :<\/strong><\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Al-Nabooda Automobiles<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Al-Ghandi Auto GroupOnline<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Arabian Automobiles<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Al-Tayer Motors LLC<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\"><strong>Classified Companies<\/strong><\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Dubizzle<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Carmudi<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Yalla Motor<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Dubicars<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\"><strong>Marketplace Players<\/strong><\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Alba Trading FZC<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cars24<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Al-Futtaim Automall<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Gargash Motors and General Trading LLC<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Elite Cars<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Autotrust<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">SellAnyCar<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Swaidan Motors<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Galadari Pre Owned<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Car Switch<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Future_Potential_Market_of_Used_Cars_in_UAE\"><\/span>Future Potential Market of Used Cars in UAE<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1221\" src=\"https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2021\/12\/Used-Cars-in-UAE.jpg\" alt=\"Used Cars in UAE\" width=\"1110\" height=\"555\" srcset=\"https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2021\/12\/Used-Cars-in-UAE.jpg 1110w, https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2021\/12\/Used-Cars-in-UAE-300x150.jpg 300w, https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2021\/12\/Used-Cars-in-UAE-1024x512.jpg 1024w, https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2021\/12\/Used-Cars-in-UAE-768x384.jpg 768w\" sizes=\"auto, (max-width: 1110px) 100vw, 1110px\" \/><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Electric Vehicles are slowly covering the market with less than 0.5% of vehicles extended as PHEVs in the UAE. The efforts to make a market for EVs are persistent with the Saudi Crown Prince, Muhammed bin Salman&#8217;s Vision of 2030 plan.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The 2030 plan actually aims to lessen the nation\u2019s dependence on oil, implementing the earning sources on social reforms and diversifying the economy of the country. Saudi Arabia is still lagging in EVs infrastructure as the government has not yet installed the charging stations in the public areas.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">There are multiple gaps in the EV market just as, its high prices, hybrid cars range, insufficient battery life, and ofcourse the undeveloped charging stations facility. The fleet operators are required to look after managing the vehicle charging facilities and its infrastructure.\u00a0<\/span><\/p>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Expected_Revenue_of_Used_Car_Market_in_UAE\"><\/span>Expected Revenue of Used Car Market in UAE<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">As per the report named \u201cUAE Used Car and Auto Classified Market Outlook to 2025\u201d by Ken Research, it was suggested that the used car market in the United Arab Emirates is anticipated to increase further in the coming years.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">After the pandemic situation in the whole world, UAE has increased it\u2019s awareness on hygiene and health. Thus, presenting a change in customer preference from utilizing public transport to a private transportation system.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Day by day the population is increasing in the UAE and also the country is attracting many outsiders as well. For this reason, with the growing population the demand for used cars has also increased. And the increasing demand for used cars is why the revenue of used cars is also increasing in the UAE. Observing the current situation it is estimated that used cars will capture a big market in near future.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">As per the experts, the market of the used cars will grow at a positive CAGR of 16.6% in terms of revenue during the forecast period of CY&#8217;20-CY&#8217;25.<\/span><\/p>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The UAE used car market of Dubai is increasing at a high CAGR because of the increasing emergence of digitally authorized portals of used car sales.\u00a0 The online portals also serve the surging and buying demand for used cars.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Earlier, the Used Car Market in UAE was worth USD 12.6 billion in the year 2020. And it is further projected to grow at the rate of USD 18.3 billion by 2027 by growing at the CAGR of 5.7%.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Apart from the Covid reason, the competitive price is also another reason why the market of used cars is increasingly growing in the UAE. Used cars are good and value for money over new cars. The online platforms of used cars make them easily accessible to the users. Also, some established dealers are now contributing to this for the potential growth of the used cars in the market.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">As per this detailed guide, one of the major reasons influencing the growth of the second hand cars market in the UAE is the development of online used cars dealers. Over the past few years, there are many leading online dealers and distributors that have appeared and acquired substantial traction namely, Dubai Cars, Cars24, YallaMotor, and UAECarMarket. These services have opened a significant growth opportunity for the United Arab Emirates used car market.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Also, this guide tells how the global pandemic has affected all the markets and has become a major reason for the increased revenue of the used cars market in Dubai. Economic constraints due to the pandemic situation has decreased the purchasing power of consumers which has affected the demand of automobiles.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">However, there is a sharp decline in the demand for automobiles but the pandemic gave a boost to the used car market in the UAE. The above mentioned other reasons also contribute to the shift just as the desire to drive privately owned vehicles rather opting for taxi services because of safety premises. Due to the decreased demand of the automobiles, disruption of manufacturing and distribution has resulted in a surge for the demand of the used cars in the UAE market.\u00a0<\/span><\/p>\n<p style=\"text-align: left;\"><strong>More Useful Article for you :<\/strong><\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"312\"><strong><a href=\"https:\/\/www.squareyards.ae\/blog\/used-and-rental-cars-in-dubai-cart\">Used Cars in Dubai<\/a><\/strong><\/td>\n<td width=\"312\"><strong><a href=\"https:\/\/www.squareyards.ae\/blog\/renting-a-car-in-dubai-cart\">Renting a Car in Dubai<\/a><\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"312\"><strong><a href=\"https:\/\/www.squareyards.ae\/blog\/learn-all-about-owning-a-car-in-dubai-your-ultimate-car-guide-in-emirates-cart\">Car Guide in Emirates<\/a><\/strong><\/td>\n<td width=\"312\"><strong><a href=\"https:\/\/www.squareyards.ae\/blog\/cars-in-uae-your-guide-to-owning-a-tesla-in-dubai-cart\">Tesla Cars in Dubai<\/a><\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"312\"><strong><a href=\"https:\/\/www.squareyards.ae\/blog\/types-of-parking-spaces-in-dubai-cart\">Types of Parking Spaces in Dubai<\/a><\/strong><\/td>\n<td width=\"312\"><strong><a href=\"https:\/\/www.squareyards.ae\/blog\/learn-how-to-transfer-car-registration-in-dubai-cart\">Transfer Car Registration in Dubai<\/a><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><\/h2>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span>Frequently Asked Questions (FAQs)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">\t\t<section class=\"sc_fs_faq sc_card \">\n\t\t\t<div>\n\t\t\t\t<h3><span class=\"ez-toc-section\" id=\"What_is_the_annual_rate_of_used_cars_sold_in_the_UAE\"><\/span>What is the annual rate of used cars sold in the UAE?<span class=\"ez-toc-section-end\"><\/span><\/h3>\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t<p>\n\t\t\t\t\t\tThe annual rate of used cars sold in the UAE (United Arab Emirates) in the year 2019 was around 235 thousand. In comparison with 2014, annual vehicle sales were about 407 thousand in the UAE.\t\t\t\t\t<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"sc_fs_faq sc_card \">\n\t\t\t<div>\n\t\t\t\t<h3><span class=\"ez-toc-section\" id=\"Why_are_UAE_residents_buying_more_used_cars\"><\/span>Why are UAE residents buying more used cars?<span class=\"ez-toc-section-end\"><\/span><\/h3>\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t<p>\n\t\t\t\t\t\tThe weaker economic sentiment is the reason why people in UAE are opting for used cars. Most people in UAE tend to travel in their own vehicle especially during pandemic situations. And it has become a major reason why people there are buying affordable cars. Apart from this, the new residents of UAE buy affordable cars to manage their daily commute. \t\t\t\t\t<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"sc_fs_faq sc_card \">\n\t\t\t<div>\n\t\t\t\t<h3><span class=\"ez-toc-section\" id=\"Which_used_cars_in_UAE_are_best_to_buy\"><\/span>Which used cars in UAE are best to buy?<span class=\"ez-toc-section-end\"><\/span><\/h3>\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t<p>\n\t\t\t\t\t\tHere are the names of some most reliable used car brands in the UAE: - Toyota Camry - Nissan Altima - Toyota Corolla (this is a Japanese car brand, one of the most used cars in Dubai) - Honda Civic - Mitsubishi Pajero\t\t\t\t\t<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"sc_fs_faq sc_card \">\n\t\t\t<div>\n\t\t\t\t<h3><span class=\"ez-toc-section\" id=\"Which_car_has_the_best_resale_value_in_the_UAE\"><\/span>Which car has the best resale value in the UAE?<span class=\"ez-toc-section-end\"><\/span><\/h3>\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t<p>\n\t\t\t\t\t\tJapanese car brands have the highest resale value in the UAE. The Nissan Patrol tops the list, as per the gathered data.\t\t\t\t\t<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"sc_fs_faq sc_card \">\n\t\t\t<div>\n\t\t\t\t<h3><span class=\"ez-toc-section\" id=\"The_average_age_of_cars_in_Dubai\"><\/span>The average age of cars in Dubai<span class=\"ez-toc-section-end\"><\/span><\/h3>\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t<p>\n\t\t\t\t\t\tDubai: The average age of cars in Dubai is around 5 to 6 years. Hence, the new law to reject a 20-year-old car will not impact motorists, as per the senior official statement.\t\t\t\t\t<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\n<script type=\"application\/ld+json\">\n\t{\n\t\t\"@context\": \"https:\/\/schema.org\",\n\t\t\"@type\": \"FAQPage\",\n\t\t\"mainEntity\": [\n\t\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"What is the annual rate of used cars sold in the UAE?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"The annual rate of used cars sold in the UAE (United Arab Emirates) in the year 2019 was around 235 thousand. In comparison with 2014, annual vehicle sales were about 407 thousand in the UAE.\"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t,\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"Why are UAE residents buying more used cars?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"The weaker economic sentiment is the reason why people in UAE are opting for used cars. Most people in UAE tend to travel in their own vehicle especially during pandemic situations. And it has become a major reason why people there are buying affordable cars. Apart from this, the new residents of UAE buy affordable cars to manage their daily commute. \"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t,\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"Which used cars in UAE are best to buy?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"Here are the names of some most reliable used car brands in the UAE: - Toyota Camry - Nissan Altima - Toyota Corolla (this is a Japanese car brand, one of the most used cars in Dubai) - Honda Civic - Mitsubishi Pajero\"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t,\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"Which car has the best resale value in the UAE?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"Japanese car brands have the highest resale value in the UAE. The Nissan Patrol tops the list, as per the gathered data.\"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t,\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"The average age of cars in Dubai\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"Dubai: The average age of cars in Dubai is around 5 to 6 years. Hence, the new law to reject a 20-year-old car will not impact motorists, as per the senior official statement.\"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t\t\t\t]\n\t}\n<\/script>\n\n","protected":false},"excerpt":{"rendered":"<p>Used cars are actually of great value in today\u2019s time. They are really good and last for a long time. Using the same car model by paying a lower purchasing price is the major reason for the increment in used car sales.\u00a0But besides using the same model at lower prices, there are many other reasons [&hellip;]<\/p>\n","protected":false},"author":61,"featured_media":1223,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2,85,59],"class_list":["post-1220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cars","category-lifestyle","category-uae"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.squareyards.ae\/blog\/wp-json\/wp\/v2\/posts\/1220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.squareyards.ae\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.squareyards.ae\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.squareyards.ae\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/www.squareyards.ae\/blog\/wp-json\/wp\/v2\/comments?post=1220"}],"version-history":[{"count":1,"href":"https:\/\/www.squareyards.ae\/blog\/wp-json\/wp\/v2\/posts\/1220\/revisions"}],"predecessor-version":[{"id":4939,"href":"https:\/\/www.squareyards.ae\/blog\/wp-json\/wp\/v2\/posts\/1220\/revisions\/4939"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.squareyards.ae\/blog\/wp-json\/wp\/v2\/media\/1223"}],"wp:attachment":[{"href":"https:\/\/www.squareyards.ae\/blog\/wp-json\/wp\/v2\/media?parent=1220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.squareyards.ae\/blog\/wp-json\/wp\/v2\/categories?post=1220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}