Automobile managers reported on the continuation of the rising trend of automobile sales in the country and region this year, predicting an increase in demand for electric and hybrid vehicles, corresponding to different budgets, the strengthening of the presence of Chinese brands, and increased innovations in the industry. It is expected that 2025 will bring a new impetus towards a broader transition to electric models. It is also predicted that there will be an increase in prices due to the release of new models, which will have rising consumer demand. Significant changes in consumer preferences were observed last year, with a noticeable increase in interest in electric and hybrid vehicles, as well as an increase in demand for sports crossovers. The industry is experiencing rapid development, stimulated by a number of key factors, including increased competition, especially between European and Chinese manufacturers. High-level executives of dealership centers also noted significant changes in the past year, such as improved delivery times, strong marketing campaigns of dealership networks, and strengthening the positions of Chinese cars in the market, which attracted more than 12% of the total sales volume in the UAE. The car market in the country is expected to stabilize in 2024, contributing to an increase in sales volumes. Companies have presented their plans for the current year, focusing on offering a wide range of electric vehicles, including sports models, hybrids, and luxury vehicles of manual assembly.
