The UAE car market is one of the biggest in the region, boasting cars from all classes and body types. Seez has been present in this market for around 2 years now; and being the only car aggregator in the country and region, we have developed an extensive and comprehensive overview of the whole market, which we found to be juicy and huge!
Using these assets and our love for data, we recently worked on and published a detailed Car Buying Report for the year 2018 in the UAE. In this report, we shared highlights, findings, comparisons, tips,
and exclusive data about both the new and used UAE car market.
Here were some interesting highlights from the report:
There were 468,265 cars listed online in the UAE in 2018, with a total value amounting to 32B AED. The most popular year model being 2015 (3-year-old cars), we believe this is due to the warranty expiration date of these cars being close. From Quarter 1 to Quarter 3, car prices dropped by 20%, with the average car price throughout the year being 75,975 AED.
We also looked at which car models retained the highest value after three years of purchase and use. Nissan Patrol came on top of the list with
Apart from used cars, we looked at the New Cars Market outside of dealerships, also called “Grey Market”. There were approximately 12,000 new cars listed for sale by unofficial dealerships, with Nissan, Toyota, Land Rover, and Mercedes-Benz taking up spots in the top 5 most listed in 2018.
The report also dives deep into the market distribution, body types, car manufacturers, market supply and demand, etc.. It also provides an interesting perspective on whether you should buy or lease, with real numbers to compare!