How the landscape of the auto finance market is changing in UAE, post-COVID? The UAE auto finance market faced a huge impact during COVID-19, but soon the market ramped up as the sales of new vehicles spiked. Presently, growing digital advancements and an increasing number of Finance Aggregators are driving the UAE auto finance industry. Further, the market is expected to grow at a CAGR of ~17% in… Read More »
UAE Auto Finance Market is expected to get doubled, generating USD ~100 Bn by 2026F owning to the Potential for Fintech Growth, Growing Digital Advancement, Increase in Private Car Services and Government Initiatives: Ken Research Growing Digital Advancements and Increasing Number of Finance Aggregators are driving UAE Auto Finance Industry – expected to grow at a CAGR of ~17%. UAE Auto Finance Market is fragmented in nature with around 8+ major lenders (Banks, NBFCs. Captives) holding major market share. UAE Auto Finance Industry is expected to witness good growth in… Read More »
UAE Auto Finance Market is expected to grow at a CAGR of 17% between 2022F – 2026F: Ken Research 1. Growing Digital Advancements and an increasing number of Finance Aggregators are driving UAE Auto Finance Industry To Know More about this report, download Free Sample Report 57 million passenger cars are produced worldwide. Avg price per new car in FY21 is 25,000 USD. The industry is increasingly moving towards newer technology such as AI… Read More »
Rising Automobile demand, Flexible models of financing, increase in Online Auto Finance Aggregator and Growth in Auto Finance industry had driven UAE Auto Finance Market: Ken Research Focus on Growing digital penetration, evolving vehicle ownership characteristics and rebates by the Government amidst systematically regulated vehicle ownership and financing policies by the regulatory authorities are driving the UAE auto finance market. Rising Automobile Demand: UAE’s low import and fuel costs, conducive tax regime and high disposable incomes has strengthened the automobile sector and… Read More »
