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The supply of new and used cars available for sale online, aggregated from 28 websites in the UAE. Note that private sellers are often also buyers as they are looking to buy another replacement vehicle, which is why this data also has an impact on demand.
The daily changes in new car listings show newly added cars on the market, and is a good indication of consumer confidence. The numbers here often coincide with new COVID-19 related regulations, and since most car listings platforms charge a fee, sellers would rather put off listing cars until they are more certain that they can sell.
Pricing can fluctuate depending on supply and demand as well as other market factors. Many buyers and sellers also negotiate prices, and this is especially true at this time when demand is low because buyers can leverage this power to find a better deal. Typically, the premium segment declines at a slower rate than mainstream.
The number of searches indicates demand, or mores specifically, the level of interest in buying cars. While people may be searching, they are not necessarily serious buyers.
Conversions from search to leads is a measurement of more serious buyers who actually contact sellers. This is a more serious indicator of demand. The difference in numbers between searches and conversions to leads can be attributed to people using this time to research a possible future purchase vs people who are actively pursuing a purchase.