Out with the Old, In with the New

Posted on 10 December 2012 by Tony Santos

The United Arab Emirates (UAE) is one of the cheapest places in the world to buy a car. However, as if it wasn’t cheap enough already, car consumers there now have the chance to have a very merry Christmas.

Earlier this year, car dealers had pushed the boat out to clear their 2012 inventories and win new customers. Car buyers who took the time to shop around could benefit from discounts and ‘buy now, pay in 2013’ promotions, leaving them more money for expenses such as car insurance. One company even offered Toyota buyers the chance to become a millionaire.

This first push came in the same summer in which the Automobile Touring Club UAE, with the Roads and Transport Authority’s approval, set new standards for classic car use in Dubai, as the UAE gradually becomes a nation of classic car enthusiasts.

Cars that meet the safety criteria and are over 30 years old can be granted status as such. To their delight, the owners can then crown their car’s newfound status with a special number plate. Other criteria the authorities consider include the vehicle’s road worthiness and the number of kilometres on the clock per year. This sees cars placed into different categories. Unfortunately for some owners, their pride and joy will never see the open road, being left to sparkle instead in their garage or a showroom.

But now as we move closer to 2013, UAE car dealers are pushing again to clear their inventories and win consumers’ business. You can be forgiven for pinching yourself to check it’s really happening. This second push comes at a time when the UAE car market is enjoying good health, thanks to favourable oil prices and stability in major parts of the economy. The sales of several car dealers have gone up compared to last year.

Enter a BMW showroom, ask for a 2012 3 series model and the dealer will present you with one for just Dh 99,000. That saves you Dh 50,000, compared with the price of the new 3 series model which enjoys higher specs, looks different and sets the lucky buyer back Dh 150,000.

Meanwhile, the dealer Liberty Automobiles is offering discounts of between Dh 10,000 and 15,000 on several of its 2012 Chevrolet models, and Al Futtaim Honda has even been offering Dh 12,000 cash back to customers who purchase 2012 Accords, Civics, Pilots or CRVs.

Al Nabooda, the only distributor of Porsche, Audi and Volkswagen in Dubai and the Northern Emirates, has registered a 15% rise in sales, and Nissan has announced one of 15%. In the meantime, Al Habtoor Motors has enjoyed a massive 88% increase in the sales of Bentleys.

So if you’re a car consumer in the UAE, right now it’s a buyer’s market. For a car enthusiast, a BMW makes a nice little stocking filler or, if you can’t quite make it there before Christmas, it’s a nice way to enter the New Year.

Categorized | Car Insurance, Car News

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