Automobile dealerships were once less concerned about the impact of the “second hand accidental/flooded imported car market” on new vehicle sales… However, the trajectory has shifted significantly over the past two years, driven by the growing demand for used and partially damaged imported cars, particularly from the US, in key markets like the UAE and Oman. This trend is fueled by budget conscious buyers and younger consumers.. Lower prices and unique features make these vehicles particularly attractive, while reputable online platforms provide detailed images, including vehicle condition, maintenance records, and accident/flood history reports…. These reports play a crucial role in building buyer confidence and ensuring value for money. The next few years will be pivotal in observing how the dynamics of the second hand imported car market evolve, particularly in terms of customer preferences and purchasing power. #secondhandimportedcars #lessrepairingvalue #automotivetrends
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When buying a used car in the UAE, a pre-purchase inspection is crucial to ensure you get value for your money. This process involves a thorough assessment of the vehicle’s condition, including checks on the exterior, interior, engine, and underbody. These inspections help uncover hidden issues like past accidents or mechanical problems, which might not be visible to the untrained eye. By getting a professional inspection, buyers can avoid costly surprises and negotiate better deals. Specialized services like AutoHub offer comprehensive inspections that provide detailed reports on a car’s condition. These reports cover everything from the functionality of the brakes and suspension to the state of the engine and gearbox. The inspection process typically involves a combination of visual checks and diagnostic tools, ensuring that no detail is overlooked. This transparency allows buyers to make informed decisions, potentially saving them from future repair costs and ensuring the car is safe and reliable. In the UAE’s competitive used car market, a pre-purchase inspection not only protects your investment but also enhances your confidence in the transaction. By understanding the car’s actual condition, you can negotiate the price more effectively and avoid buying a vehicle with hidden defects. Whether you’re buying from a dealer or a private seller, this step is essential for a smooth and secure car buying experience. #UAE #UsedCars #CarInspection #AutoHub #CarBuyingTips #VehicleSafety #DubiCars #PrePurchaseInspection #Autokmaster
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The United Arab Emirates (UAE) has witnessed a significant decline in pre-owned car prices, dropping by over 15 percent in the previous year. This plunge can be attributed to an increase in the number of new cars entering the market, particularly from Chinese manufacturers. Market Analysis and Projections Industry insiders suggest that prices may continue to decrease this year, although they are expected to stabilize later due to the projected increase in demand driven by the continued population growth. The upcoming month of Ramadan in 2024 could also see a significant boost in sales as auto dealers are anticipated to announce large discounts and promotional campaigns. The decrease in prices can be largely attributed to an increase in new car inventories following the influence of COVID-19 on automobile production levels. According to AlgoDriven, an automotive digital platform, prices decreased by 14.8% in the previous year. Used car sales saw a remarkable acceleration towards the end of 2023, with cars selling almost twice as quickly compared to the beginning of the year. Abhinav Gupta, CEO of CARS24 in the Gulf Region, noted that the market for used cars remained relatively unchanged in 2023. #dubaicars #uaeusedcarsprice #dubaiusedcarsprice #cars24 https://lnkd.in/dzCGRKvW
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Read the full article: https://lnkd.in/gZhhYP9C Domestic passenger vehicle sales rose 4% year-on-year in May 2024 to 3,47,492 units as compared to 3,34,537 in the same month of the previous year, according to data released by Society of Indian Automobile Manufacturers (SIAM). Total two-wheeler sales in May this year jumped 14.7% year-on-year to 55,763 units. Two-wheeler sales, comprising #scooters, #mopeds, and #motorcycles, increased 10% year-on-year during May 2024 to 16,20,084 units. Society of Indian Automobile Manufacturers (SIAM) #SIAM #PassengerVehicles #twowheelers
Domestic Passenger Vehicle sales rise 4% to 347,492 units in May 2024: SIAM | Autoguideindia
https://www.autoguideindia.com
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UAE PASSENGER CAR SALES TRACKER, JAN TO MARCH 2024, A Glasgow Research & Consulting initiative. - Overall, Passenger Vehicles sales increased by 28% in the fourth quarter (Jan 2024 - Mar 2024) when compared to Quarter 4 of 2022/23 (Jan 2023 – Mar 2023) . - European and Chinese OEMS has shown positive trend. - The overall sales in March was good when compared to Jan and Feb. - GAC Motors and SAIC has witnessed a tremendous over the pervious quarter; while Changan Auto has shown a decline. - Sedans and SUV’s sales has been similar when compared to the last quarter. - European and Chinese OMEs have witnessed a gain at the expense of Japanese.
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Are you planning to buy a car in UAE? If you’re considering purchasing a new car in the UAE, now is the perfect time to act before the year ends. As 2024 wraps up, car dealerships are offering some great opportunities you won’t want to miss. Reason : Car dealerships are eager to move 2024 models before the new year begins. Once 2025 arrives, these vehicles will be considered “old models” and may lose some of their appeal. To avoid being stuck with outdated stock, dealers often offer heavily discounted prices and special promotions on these cars, making it an ideal time to get a great deal. In addition to the dealer incentives, you can find significant discounts on 2024 cars. Whether it's cash rebates, free insurance, or extended warranties, these promotions make it easier to own a car without breaking the bank. The 2024 models often feature the same great quality and features as the new 2025 cars but come at a much more affordable price. If you’re thinking about upgrading your current car or buying your first one, now is the best time to act before these year-end offers disappear. Repost it, share it with whom you think might need it. DM for more information. #UAE #Cars #UAEcars #sales #loans #carloan #bank #financialtips #finance #personalfinance #financehacks
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#Car sales double in May 2024 Car sales in Pakistan increased by 100.4% YoY in May 2024, clocking in at 10,949 units compared to 5,464 units recorded in the same month of last year, the latest data from the Pakistan Automotive Manufacturers Association (#PAMA) showed today. Similarly, on a month-on-month basis, the sales of cars, including #LCVs, #vans, and #jeeps, have increased by 4.1% compared to the 10,515 cars sold in April 2024. Read: https://lnkd.in/dFxJ5PBW
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Passenger car sales hit a high with a 46.7% increase, reaching over 30,000 units in just four months. Thanks to improving economic conditions and gradual rate cuts, consumer confidence is on the rise. Trucks, buses, jeeps, and even motorbikes are also seeing impressive growth. While EVs are sparking interest, especially among the upper and upper-middle classes, high prices remain a challenge for many. Meanwhile, tractor sales have faced a dip due to recent policy changes, but optimism remains for a rebound in the upcoming quarters. . . . . #automotivesector #carsales #economicrecovery #autofinancing #pakistan #vehiclemarket #trucksales #evmarket #pakistanautomobile #interestfree #zlk #zlksecurities #zlkislamic #zlkislamicfinancialservices #zlk
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Read the full article: https://lnkd.in/gpxR9zs2 The data for June indicates a positive outlook for the Indian automobile industry, reflecting a resilient and expanding market for different vehicle segments. In May, however, there was a downturn in the sales of passenger cars. According to SIAM’s data, domestic sales of passenger cars dropped by over 11%, from 1,20,364 units in May 2023 to 1,06,952 units in May 2024. Production of passenger cars also decreased by 13%, with figures dropping from 1,63,619 units in May 2023 to 1,42,367 units in May 2024. Additionally, the export of passenger cars saw a decline of about 20%, from 35,806 units in May 2023 to 28,802 units in May 2024. Society of Indian Automobile Manufacturers (SIAM) #SIAM #PassengerVehicle #Domesticvehiclesales
2W sales increase by 21.3% Y-o-Y with 16,14,154 units sold in June 2024: SIAM | Autoguideindia
https://www.autoguideindia.com
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🚗📉 Navigating the Supply Crunch in Canada's Used Car Market #automotivetrends #economicimpact As inflation pressures mount, Canadians are increasingly turning to the used car market, facing a significant supply shortage due to prolonged vehicle retention. This shift is reshaping the market dynamics, challenging dealers to meet the rising demand with limited inventory. The situation underscores the need for robust supply chain strategies to navigate economic fluctuations and consumer trends effectively. #supplychainchallenges #usedcars #marketdynamics 📖 Full read here: https://lnkd.in/dvGK8fnb
Used car market faces supply crunch as inflation spurs drivers to search for cheaper wheels
financialpost.com
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Tired of those slow, unreliable car transporters putting a damper on your car dealership business? Well, worry no more! AIGC is here to revolutionize your car dealership transportation with our cutting-edge solutions. We're not just talking about getting your cars from point A to point B. We're talking about a seamless, efficient, and hassle-free experience that will leave you wondering how you ever managed without us. Here's what sets us apart: -Expertise galore: We're experts in handling all types of vehicles, from vintage auto rickshaws to the latest luxury models. -Nationwide network: We have a vast network of partners across India, so no matter where your car needs to go, we've got you covered. -Time is money: We understand that time is of the essence in the car dealership business. That's why we prioritize on-time delivery, every time. -Competitive pricing: We offer competitive rates that won't break the bank. So, what are you waiting for? Contact AIGC today and let us take your car dealership transportation to the next level! P.S. Check out the vintage car and e-rickshaw in the image! It's a reminder that we can handle any type of vehicle, no matter how unique. #AIGC #cardealership #transportation #logistics #supplychain #India #autoindustry #automotive
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