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UAE: Car Sales Set to Hit 2019 Level in 2022-23 Published December 29th, 2020 - 12:30 GMT
New car sales in the UAE picked up after summer and has been rising steadily since then. (Shutterstock)
The UAE’s automobile sector is steadily shifting gears to pick up speed and is likely to reach 2019 level in 2022 or a year later after slumping 30 per cent this year, say industry executives.
Hit by the lockdown, after the outbreak of Covid-19 in the first and second quarter of 2020, new car sales in the UAE started picking up after the summer and has been rising steadily since then.