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United Arab Emirates Autos Report Q4 2011 - Product Image

United Arab Emirates Autos Report Q4 2011

  • ID: 1945580
  • October 2011
  • Region: United Arab Emirates
  • 67 Pages
  • Business Monitor International

Although hit by a central bank overhaul of auto finance in May, car sales in the UAE are expected to rebound significantly in 2011 as the country’s economy demonstrates a fuller recovery from the 2009 Dubai debt crisis and experiences the benefit of higher oil revenue.

However, BMI's view that credit restrictions will create opportunities for vehicle financing units in the Middle East is playing out, as dealers in the UAE launch finance programmes in response to new credit regulations. The new rules state that banks cannot lend more than 80% of the vehicle's value.

Coupled with that is a restriction on the amount of credit an individual can undertake in relation to their monthly income. Anecdotal evidence shows that vehicle sales in the UAE fell by between 20% and 40% year-onyear (y-o-y) as soon as the new rules came into effect, as many consumers predictably brought purchases forward to March and April when 100% financing was still available.

However, some carmakers and dealers are taking a pro-active approach to boosting sales with their own financing packages. There is clearly a response to the new banking regulations in some of the schemes, which cut READ MORE >

Executive Summary
SWOT Analysis
Global Overview
Regional Overview
Business Environment Ratings
Macroeconomic Forecast
Industry Forecast Scenario
Competitive Landscape
Fleet And Rental Contracts
Company Monitor
Company Profiles
General Motors Company (GM)
Nissan Motor
Al Rostamani Trading Company (ARTC)
Country Snapshot: UAE Demographic Data
BMI Methodology

- General Motors Company (GM)
- Nissan Motor
- Al Rostamani Trading Company (ARTC)

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