2023 - A Great Year For UAE's Vehicle Sales, Says Dubizzle Pre-Owned Car Market Reports

CarPrices.ae Team / Posted On - January 17th 2024

In 2023, Dubizzle Cars played a crucial role in the thriving UAE used car market. Key trends included a 33% rise in Electric Vehicle (EV) demand), luxury cars integrating IoT and AI, and German brands dominating the luxury segment. In the non-luxury category, Japanese brands led and Ford gained popularity.

Introduction

The used car market in the United Arab Emirates witnessed unprecedented growth in 2023, and dubizzle Cars emerged as the leading platform for both buyers and sellers. In this article, we delve into the key trends, market insights, and the remarkable position of dubizzle Cars in shaping the landscape of the pre-owned car market in the UAE.

dubizzle's Remarkable Role

Haider Ali Khan, the CEO of dubizzle and Head of dubizzle Group MENA, highlighted the extraordinary growth in the UAE's pre-owned vehicles market. Shifting consumer preferences, strategic government policies, and improvements in traffic systems have fueled this surge. Dubizzle's adaptability and innovation have positioned it as a market leader, providing a seamless, transparent, and enriching pre-owned car buying experience.

 

dubizzle's Comprehensive Services

Dubizzle's commitment to excellence is evident through its range of value-added services for both buyers and sellers. The platform streamlines transactions, simplifies processes, and enhances user experiences, solidifying its position as a key player in the evolving automotive market.

Key Market Trends

Dubizzle's Impact

Dubizzle has revolutionized the vehicle-buying process, offering a one-stop-shop for services such as car insurance, financing, and other value-added services. With over 300k live listings, the platform caters to diverse preferences, generating over 10M leads and hosting exclusive events like the dubizzle Yard Weekend Sale.

 

Electric Vehicle (EV) Surge

The demand for Electric Vehicles (EVs) has risen by 33%, aligning with the UAE government's commitment to green mobility. Dubizzle's reports indicate a significant interest in eco-friendly mobility options.

Integration of IoT and AI

Luxury cars have seen a surge in the incorporation of IoT and artificial intelligence, enhancing driving experiences with features like autonomous driving, smart safety features, and voice commands.

 

Luxury and Non-Luxury Segments

In the luxury segment, European brands like Mercedes, BMW, and Lexus dominate, while Japanese manufacturers Toyota and Nissan lead in the non-luxury category. SUVs and sedans remain the preferred choices for both segments.

Luxury Used Car Market Trends in 2023

The 2023 Annual Market Report on popular used Luxury Cars in the UAE, compiled by dubizzle, reveals a thriving landscape marked by soaring demand and evolving trends.

 

Dominance of German Brands

Mercedes-Benz and BMW continue to dominate the luxury pre-owned car market, with the S-Class and 5-Series leading in luxury, comfort, and advanced technology.

Rise of Electric Vehicles

The popularity of electric vehicles has broadened the range of environmentally conscious choices, with Mercedes-Benz, BMW, and Porsche maintaining their positions.

SUV Dominance

SUVs continue to dominate the luxury vehicle segment, with Nissan Patrol, Toyota Land Cruiser, and Land Rover Range Rover leading the way.

Popular Models and Their Prices

Dubizzle showcases popular luxury models like the Mercedes S-Class, Nissan Patrol, and Toyota Land Cruiser, providing insights into their average prices and features.

 

Non-Luxury Used Car Market Trends in 2023

The non-luxury pre-owned car market in the UAE has experienced remarkable growth in 2023, driven by changing consumer preferences and increased options compared to new vehicle purchases.

Japanese Brands' Dominance

Japanese brands Toyota and Nissan maintain dominance in the non-luxury segment, with popular models like Camry, Corolla, Altima, and Pathfinder.

 

Ford's Rise to Popularity

Ford gained popularity in 2023, securing the third spot with high-performing models like Mustang and Explorer.

Popular Non-Luxury Models and Their Prices

Top non-luxury models like the Ford Explorer, Toyota Prado, Toyota RAV 4, Nissan Altima, Toyota Camry, and Honda Accord are highlighted, providing insights into their average prices and features.

 

Conclusion

Dubizzle's comprehensive market reports indicate significant growth and a promising future for the used car market in the UAE. As buyers seek better value, platforms like dubizzle offer not just a car purchase but a hassle-free buying journey enriched with added-on services, ensuring a seamless and rewarding ownership experience.

 

 

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