Friday, November 3, 2017

New Car Sales in UAE by 2020

Over 150 automakers are anticipated to participate in the 2017 Dubai Motor Show as new car sales in the UAE are forecasted to hit 267,000 by 2020. Organizers also pin high hopes that debuts of new models will surpass the number of vehicles seen at the 2015 edition.

Alpen Capital’s recent report indicates that the number of passenger cars in the GCC is anticipated to grow at five percent CAGR from an approximately 10.2 million in 2015 to 13.2 million in 2020. 

Among the much-anticipated launches at the grand event is the production version of the Devel Sixteen by UAE-based supercar manufacturer Devel. The company last unveiled its 5,000-brake horsepower prototype masterpiece at the 12th Dubai International Motor Show.

According to Majid Al Attar, chairman, Devel, as a homegrown manufacturer in the UAE, Devel is dedicated to the Dubai International Motor Show as it offers the perfect opportunity for them to showcase their cars to serious car aficionados and petrolheads from across the Middle East and beyond.

He adds that this region has a true love affair for all things motoring and they are proud to represent the UAE automotive industry. “Visitors to the Devel stand will be in for a real treat as we have some exciting reveals during the show.”

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