UAE used car sales market on the up

24/03/2011 - Dubai Investment News Posted by Neil King
UAE used car sales market on the up
The market for used cars in the UAE is thriving, according to one expert.

Michel Ayat, chief executive officer of Arabian Automobiles, has claimed that used car sales are growing at a steady pace and are on course to be on a par with the new cars market over the next few years.

"Despite the economic downturn in 2009, we at Arabian Automobiles had foreseen a steadily increasing demand for used cars with more than 40 per cent growth in our used car sales volumes over the last year," he commented.

The expert claimed that growing demand for second-hand vehicles will see the firm open a number of new premises across the UAE between now and 2013.

"Arabian Automobiles has planned several expansion strategies as part of the investment in its used cars business. We look forward to introducing further used cars facilities in Umm Al Quwain and Sharjah in early 2012 and in the Northern Emirates in 2013," he added.