Market Share of UAE Used Car Industry
The UAE used car market is considered to be moderately fragmented, accommodating several leading players like Al-Futtaim Group, Al Nabooda Automobiles LLC, Arabian Automobiles Company, Souq Al Haraj, Car Switch, and Yalla Motors. While several key offline used car dealers are focused on adopting expansion strategies like collaborative agreements, mergers, and acquisitions, other new entrants are also encouraged to explore the market and are actively focused on fleet expansion, varied offerings, etc.
- In February 2023, AW Rostamani Group, an automotive dealer in the United Arab Emirates, launched its first luxury used-car showroom, NXT Luxury, Dubai, United Arab Emirates. This milestone marks the growth of the used-car segment in the United Arab Emirates, with AW Rostamani Group extending its offering to meet the demands of its customers.
- In October 2023, YallaMotor, a United Arab Emirates-based automotive marketplace, launched a new app that makes buying and selling used cars easier.
UAE Used Car Market Leaders
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Al-Futtaim Group
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Al Nabooda Automobiles LLC
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Arabian Automobile Company
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Souq Al Haraj
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Al Tayer Motors
*Disclaimer: Major Players sorted in no particular order
