Abu Dhabi Automotive Trade Rises 5% in 2019

By January 13, 2020 Business

(Source: WAM)

Abu Dhabi: The automotive trade index in Abu Dhabi has maintained its positive momentum achieving 5 per cent growth during the first ten months of 2019, compared to the same period in 2018.

According to statistics in a report issued by the Statistics Centre-Abu Dhabi, local car sales jumped in value to AED28.66 billion from January to the end of October 2019.

The figures also showed a significant increase in auto resales, amounting to AED14.459 billion in the first ten months of 2019, a 27 per cent surge compared to AED11.38 billion during the same period in 2018.

Imports accounted for AED13.854 billion from January to October 2019, compared to AED15.67 billion during the same reporting period in 2018.

The Emirate’s car exports increased to AED350 million from January to October 2019, a rise of 37.2 per cent compared to AED255 million during the same period in 2018.

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