A recently released Dubai Chamber of Commerce and Industry study shows indications of rebound in auto exports to UAE which went up in the early months of 2010 and the trend is said to continue during the latter part of the year. Earlier, the global financial crisis had negatively affected capital formation and consumer spending …
McLaren Automotive launched its first sports car for the road, the MP4-12C, in the UAE on Sunday. The two-seat, mid-sized engine car has a one-piece carbon-fiber chassis. The element is a trademark of the UK-based manufacturer. Officials say it is a fuel and emission efficient car that could hit the UAE roads by next September. …
A recent study by Dubai Chamber of Commerce and Industry informs that demand for both luxury and volume cars will remain strong in the UAE despite the development of world-class public transport infrastructure. The automotive sector plays a vital role in promoting the UAE’s competitiveness and makes the country stand out against competing economies in …
Demands for Luxury and Volume Cars to Remain Strong Read More »
The UAE automobiles industry is leading and pioneering among Gulf countries in average sales growth as it recorded a double-digit growth rate in the first quarter compared to the same period last year. The industry witnessed a 12 per cent growth in sales while Saudi Arabia’s rate was flat and Qatar at 1.4 per cent, …
Electric car aficionados might have to wait until late 2013 or early 2014 before they can drive the Nissan Leaf out of local showrooms. The model, already available in the US and Japan since last Dec-ember, will be making it to the European markets this year. But before they become a regular feature on the …
As new vehicle sales slowdown to a crawl in the UAE Automobile dealerships in the Gulf could be in line for their worst first-half performance since 2009. In Bahrain, sales continue to be under extreme pressure as the retail sector reels from the recent upheaval. Saudi Arabia, in contrast, provides the sole silver lining and …
A recent study by the Ministry of Foreign Trade, MoFT, shows that The UAE automotive market grew by 19.7% in 2010 to US$11.1 billion up from US$9.2 billion in 2009. The UAE trade in small passenger and luxury cars grew by 24.4% to US$10.6 billion in 2010 compared to US$8.5 billion in 2009, according to …
It looks to be a good year for the UAE’s automotive industry, with signs that it might shoot ahead the figures for 2010. The UAE automotive market grew by 19.7 per cent in 2010 to US$11.1 billion (Dh40.7 billion) up from US$9.2 billion (Dh33.7 billion) in 2009, according to a recent study by the Ministry …
Honda is recalling more than 2,000 of some of its Accord coupe models due to a fault in the automatic transmission that could stall the engine during gear changes. The move allows for a software update to the transmission that would resolve the issue. The recall affects owners of the Accord model sold from 2008 …
Car manufacturers made their predictions for the future of the UAE automotive industry saying, “We’re expecting the car market to continue with its high level of growth in the UAE. The country is coming back economically and we expect the UAE car market to grow on par with GDP which is about 4-4.5 per cent …
