Cars sales in the United Arab Emirates are forecast to achieve high growth rates in 2019 and 2020. The main reason for this growth is due to the decline in sales last year due to the adjustment of citizens to the prices of cars after the value added tax and the absorption of the market effects, Include 5% of car prices.
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They also confirmed that the expected increase in sales in the UAE is due to other reasons, including the expected offers from the car dealerships and the upcoming Expo 2020 in Dubai, which is expected to have a strong role in the increase in car sales and the achievement of the UAE economy growth rates in the recent period, leading to Achieve similar growth in car sales.
Many experts have pointed out that many UAE car companies have stabilized prices despite the application of VAT and have decided to bear it until the market continues to achieve sales. Other offers used to stimulate sales include extended car warranty offers, free maintenance, and free insurance, Of stability in the automotive sector.
They pointed out that the effects of sales growth are expected to be more pronounced in the second half of 2019.