Путешествия по Европе Голосов: 2 Адрес блога: http://sempreprimo.blogspot.com/ Добавлен: 2008-08-17 13:20:58 блограйдером avanti

BMI: United Arab Emirates Autos Report (Dec-11)

2012-01-16 19:52:00 (читать в оригинале)

BMI expects new car sales in the UAE to rebound significantly in 2011, despite the industry having beenimpacted by central bank moves earlier this year aimed at restricting the amount of car financingcustomers can use to buy new vehicles.BMI's view that credit restrictions will create opportunities for vehicle financing units in the Middle Eastis playing out, as dealers in the UAE launch finance programmes in response to new credit regulations.The new rules state that banks cannot lend more than 80% of the vehicle's value. Coupled with that is arestriction on the amount of credit an individual can access in relation to their monthly income. Anecdotalevidence shows that vehicle sales in the UAE fell by between 20% and 40% year-on-year (y-o-y) as soonas the new rules came into effect, as many consumers predictably brought purchases forwards to Marchand April when 100% financing was still available.However, some carmakers and dealers have since taken a pro-active approach to boosting sales with theirown financing packages. There is clearly a response to the new banking regulations in some of theschemes, which cut down the monthly instalments. Under the new regulations, loan repayments shouldnot account for more than 50% of a person's monthly income.Toyota Motor remains the dominant player within the UAE new car sales market, with the NationalSales & Marketing Manager for local dealership Al-Futtaim Motors, Andrew Squires, stating that thecompany has a market share of close to 41% in 2011 year-to-date. According to a report on the AMEinfowebsite, Squires acknowledged that the current year has been challenging, but that he was ?delighted toreport that sales have now regained a steady pace? of around 15% year on year. He was hopeful that thisrising sales trend would continue into 2012. Toyota boasts the most popular mid-size car in the UAE withits Corolla model, and its Land Cruiser and Prado models also lead their segments.Ho