Turn on more accessible mode
Turn off more accessible mode
Home
|
Media Center
|
Careers
Personal
Accounts
Loans
eBanking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
Tutorials
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Our Strategy
Financials
Overview
Quarterly Reports 2010
Annual Report 2009
Annual Report 2008
Annual Report 2007
Annual Report 2006
Annual Report 2005
Annual Report 2004
Annual Report 2003
Annual Report 2001
Previous Quarter Results
Pillar Disclosures
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Internet Banking
Retail login
Help
|
Alert
What do you want to do?
Select here
Access Retail Internet Banking
Home
Investor Relations
Financial News
FinancialNews
08-08-22
UAE automotive market records 9.3 percent surge annually in H1
(MENAFN) The entire automotive market in the UAE has registered a 9.3 percent expansion in the first 6 months of this year in comparison with the same period last year, with the whole units traded in June jumping 8.1 percent on an annual basis.
Al-Futtaim Automotive, which showed the figures stated that, SUVs remain to lead the UAE market, contributing in 50.5 percent of sales for the January-June period of 2022.
In line with a report by Market Research UAE, the UAE automotive market has revealed indications of regain with encouraging sales throughout the board after falling two years ago throughout the Covid-19 epidemic.
Passenger car sales profits is estimated to amount to USD5.8 billion in 2022, after the request bounced back to full throttle from August to September last year, however, throughout that span of time, consumer interest even surpassed before-Covid-19 figures.
The report also mentioned that “New car sales are expected to increase by up to 30 per cent in 2022, as more brands are introduced to the market and production and shipments get up to speed with consumer demands.”
MENAFN08082022000045014228ID1104660709
View complete sitemap
Personal
Accounts
Loans
Mortgage
eBanking
ATM
Internet Banking
SMS Banking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
BBK tariffs
Tutorials
Customer Protection
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Follow us