During the first quarter of 2022, the UAE car market had a 4.6 percent increase in sales. According to auto analysts, automobile exports accounted for a substantial amount of these sales, since new car exports from the UAE climbed dramatically compared to the same period previous year.
Due to the ease of handling and the UAE's assistance for investors, such as modern customs and logistic services, New Auto has achieved amazing success in exporting new automobiles to many countries such as Iraq, Belarus, Russia, Kazakhstan, Georgia, Armenia, and others.
Auto export sales comprised a variety of car manufacturers, including Mitsubishi, as well as electric automobiles imported by New Auto, including Volkswagen, ID4 Crozz Pure+, BMW, Audi, and Toyota, in response to market demands and increasing demand for this type of vehicle owing to recent oil price swings.
New Auto CEO Bilal Nasr released a recent corporate analysis on the proportion of new car shipments to each nation. "In recent months, we have seen an increase in demand for automobiles from Europe, Africa, Iraq, Russia, Kazakhstan, and others," he says.
He stated that the Commonwealth of Independent Countries accounted for the lion's share of exports, accounting for 45 percent, followed by African countries at 25 percent, Iraq at 12 percent, South American countries at 8 percent, the Middle East at 7 percent, and European countries at 3 percent, owing to the facilities provided by the UAE to buyers.
He said that following the car industry's issue with electronic chips, investors were able to locate other options.