UAE Business: Interest in pre-owned cars growing in UAE, says study – Gulf Digital News

UAE Business: Interest in pre-owned cars growing in UAE, says study – Gulf Digital News

Car enthusiasts in Dubai have shown the most interest in pre-owned cars in the first half of 2022, says a new study into used car market in the UAE.

From 2021 second half (H2) to 2022 first half (H1), the number of people interested in pre-owned cars has increased by 50-55%. When we look at the millennials in the UAE, more than 55% of them prefer to buy pre-owned cars online. Millennials are most enthusiastic about pre-owned cars, forming 60% of total buyer, said the first “Used car market insights” launched by CARS24, one of the world’s fastest-growing eCommerce platforms for pre-owned cars.

The report provides valuable industry insights with regard to the pre-owned car market in the UAE.

Abhinav Gupta, CEO, Gulf Region, CARS24, while launching the report, said: “There was a big gap with regard to data on the pre-owned car industry in the UAE. With our very first report, we are delighted to bridge that gap and provide much needed insights into the pre-owned car industry. It is also encouraging to know that by 2025, for every new car bought in the UAE, 3 pre-owned cars will be purchased. We at CARS24 can vouch for that because in just over