Japanese sedans reign over the supply and demand in the used car market in the UAE
- The dubizzle Motors annual report reveals Japanese sedans such as the Toyota Camry, Toyota Corolla, Honda Accord, and Nissan Altima were amongst the top 10 most listed and most popular models on dubizzle last year
- 61% of the cars listed on dubizzle Motors last year were for less than AED 60,000, and 20% were between AED 60,000 – AED 119,999
- Private sellers reported a 13.6% difference between their initial listing price on dubizzle and the actual selling price
dubizzle Motors, the UAE’s largest and most trusted used car marketplace, has released its 2018 motors report, highlighting key trends and insights based on an analysis of over 210k used cars listed on the platform in the past year.
The report revealed that used car listings for sedans from Japanese brands received the most inquiries from potential buyers last year, with the Toyota Camry, Toyota Corolla, Honda Accord and Nissan Altima leading the way.
The Toyota Camry was identified as the most viewed car, recording over 1.18 million page views from users of the platform. The Nissan Patrol ranked second (1.15 million page views), followed by the Toyota Land Cruiser (1.11million), the Mercedes-Benz S-Class (996k) and the Mercedes-Benz E-Class (956k). These five models were also amongst the top 10 listed cars in the year.
“In previous years, there has been a clear demand for affordable and reliable SUVs among used car seekers on dubizzle, however, when looking at the 2018 report, we can see that the demand is now more diverse. The top 5 cars with the highest number of page views include both SUVs and sedans with premium brands making an appearance, indicating a potentially increased interest in premium used cars,” commented Amr ElGabry, General Manager at dubizzle Motors.
In terms of price distribution of used cars in the market, 61% of the cars listed on dubizzle Motors last year were for less than AED 60,000, 20% were between AED 60,000 – AED 119,999 and 8% between AED 120,000 – AED 179,999. The remaining 11% of cars listed were over AED 180,000 and included the Mercedes Benz G-Class, S-Class, and the Land Rover Range Rover. The Bugatti Chiron hypercar was the most expensive car listed throughout the year, priced at AED 14.9million.
The report also delved into a comparison between listing price on dubizzle Motors and actual selling price, based on prices provided by private sellers upon successfully selling their cars and removing their listings, revealing a potential margin of negotiation up to 13.6%.
“The results of our latest poll identified that 68% of respondents are interested in purchasing a car in 2019, and 65% of those are likely to pay cash for a car. The margin of negotiation identified from last year’s transactions on dubizzle Motors empowers our users by providing a transparent view of the market, allowing buyers and sellers to get the best deal. This ultimately creates a healthy market dynamic while letting buyers walk away with their car of choice,” commented Amr ElGabry, General Manager at dubizzle Motors.
With over 1.6million unique buyers per month and 5.3million monthly visits last year, dubizzle is the UAE’s #1 used cars marketplace. The platform has over 32,000 live listings at any time, as well as a number of extended tools and services to ensure a convenient transaction.