With a growth of 12.2% compared to the period between January and April of 2020
59.5 thousand new cars were sold in the country's markets within 4 months
It is expected that the period between 2021 and 2025 will witness a regular positive performance in the car markets in the country.
Michel Ayat: "The recovery in sales was supported by incentives and positive economic decisions."
The CEO of the Arab Automobile Company, Michel Ayat, revealed that the country's markets witnessed a rapid recovery from the repercussions of the "Corona" pandemic on sales of various types of new cars, explaining that they recorded a growth of 12.2% during the first four months of this year.
Ayat explained to "Emirates Today" that sales reached 59,502 cars in the period between January and April of 2021, up from 53,039 cars during the same period in 2020, according to market reports specialized in monitoring car sales in the markets.
He added that the recovery in sales was supported by the incentives provided by the government to business owners, and positive economic decisions that helped the rapid recovery of a number of economic sectors from the changes imposed by the Corona pandemic.
Ayat stated that "according to market indicators, it is expected that the period between 2021 and 2025 will witness a regular positive performance in the car markets in the country, with which consumer confidence will be enhanced, which will positively affect sales of new cars."
He pointed out that the pandemic has led to an increase in used car sales, as a few consumers are more sensitive to the cost of buying new cars in light of the current economic conditions, in addition to the fact that there is now a large stock of used cars displayed on online platforms.
Ayat said that the automotive industry witnessed a rapid shift in the adoption of online communication technologies, to complete transactions quickly and easily to meet the aspirations of consumers to digitize all purchase steps.
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