UAE automotive market shifts gear, posts 9.3% growth in H1

UAE automotive market shifts gear, posts 9.3% growth in H1

SUVs continue to dominate the UAE market, making up 50.5 per cent of sales for the first half of the year

The UAE automotive market has shown signs of recovery with promising sales across the board after dipping in 2020 during the Covid-19 pandemic. — File photo

Published: Tue 2 Aug 2022, 6:58 PM

The overall automotive market in the UAE has recorded 9.3 per cent growth in the first half of 2022 compared to the same 2021 period, with the total units sold in June up 8.1 per cent year-on-year basis.

Al-Futtaim Automotive, which revealed the data said, SUVs continue to dominate the UAE market, making up 50.5 per cent of sales for the first half of the year.

Al-Futtaim Automotive, which counts Al-Futtaim Toyota and Lexus, Trading Enterprises (Honda, Volvo, Jeep, RAM, Dodge and Polestar amongst its brands), said it closed out the first half of the year with 5.7 per cent increase in volume YoY and total market share of 35.4 per cent, the distributor said in a statement.

According to a report by Market Research UAE, the UAE automotive market has shown signs of recovery with promising sales across the board after dipping in 2020 during the Covid-19 pandemic. Passenger car sales