There was a severe streak in used-autos prices in UAE, but finally it witnessed significant shrinking. So far, the prices of used cars do rise up and falls down neck-to-neck with new makes. However, this feature witnessed a dramatic change during previous period. Used cars or second hand cars witnessed a great shrinking in the UAE in the previous period succeeded by an unprecedented flourishing in the used cars market. People filled up the markets to take advantages of this dramatic shrinkage. The market place spilled with buyers than ever happened before. This happened because dealers have finally found their hands on many models for selling. This denotes that there stability in cars market. On the other hand, luxurious autos continued to demonstrate growing up. This is because of the fact that every year a new make shows up. And auto fans often upgrade their cars by new makes of the running year.
SUVs Stable Prices
Although the market of used cars witnessed shrinking, SUVs among these autos remain stable. Therefore, banks engorged finance for these cars. On only this, but they facilitate all loans for buying second hand cars. The reason behind this is that banks found lots of lucre in dealing of second hand cars. This happened despite the inflation happening during this year. Banks expectations are completely the reverse. They expect that there will also be shrinkage in dealing with second hand cars. The build this expectation upon the high inflation happening worldwide. They believe that the demand for second hand cars will not remain robust. But out of the blue it happened breaking down all expectations. There is a controversy that the reason of this rise in pre-owned cars the delay of delivery of new cars. However, this account is not that kind of acceptable. Because of the fact that new cars have publication annually.