The used car market in the UAE has witnessed unprecedented growth in 2023, with dubizzle Cars standing out as the leading platform for used car buyers and sellers.
The latest dubizzle Pre-Owned Car Market Report 2023 indicates an uptick in the demand for used cars, accompanied by a simultaneous increase in available inventory.
Sharing his views on the reports,Haider Ali Khan, the CEO of dubizzle and the Head of dubizzle Group MENA,said: “The broader context of the UAE’s pre-owned car market growth in 2023 reflects a compelling narrative. The market has witnessed an unprecedented surge in demand, driven by factors such as shifting consumer preferences, strategic government policies and continuous improvements in traffic systems and infrastructure.
“As a market leader, dubizzle’s role has always been driven by its ability to adapt and innovate, providing a platform that not only meets, but exceeds the expectations of buyers and sellers alike. As we navigate the landscape of 2023, dubizzle Cars remains at the forefront, paving the way for a seamless, transparent and enriching pre-owned car buying experience in the UAE.”
With a range of value-added services for buyers and sellers, dubizzle expertise as a comprehensive service provider is evident. By making transactions smoother, simplifying the entire process and enhancing the overall user experience, dubizzle has established itself as a key player in the evolving automotive market.
“dubizzle Cars is spearheading a transformative wave in the thriving pre-owned car market of the UAE. The success of initiatives such as the dubizzle Yard Weekend Sale validates our dedication to creating engaging events that bring together buyers and sellers in a vibrant marketplace, outside of our digital domain as well. Our enlightening dubizzle Cars podcast series delves into the latest market insights, offering a valuable resource for keen listeners. We remain committed to boosting user trust and confidence through initiatives that redefine the car-buying experience,” added Ali Khan.
- EV Surge: The demand for Electric Vehicles (EVs) has risen by 33%, reflecting a growing interest in eco-friendly mobility. Aligning with the UAE government’s commitment to green mobility through initiatives like the Dubai Green Mobility Strategy 2030.
- Integration of IoT and AI: The incorporation of the Internet of Things (IoT) and artificial intelligence in luxury cars has surged, enhancing the driving experience with features like autonomous driving, smart safety features and voice commands.
- Within the luxury used car segment, European brands such as Mercedes, BMW and Lexus sustained the top position, owing to their high-end models featuring cutting-edge technology and advanced features.
- Meanwhile, in the non-luxury used car category, Japanese manufacturers, notably Toyota and Nissan, have secured leading positions, with Ford also maintaining a prominent presence at the forefront.
- SUVs and sedans have continued to be the preferred vehicle body types for both luxury and non-luxury buyers in the pre-owned car market. The Mercedes-Benz S-Class, BMW 5-Series, Lexus LS-Series, Range Rover and Porsche Cayenne have secured their positions as the most sought-after models for their respective brand
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