New Auto FZCO opens new showroom to fulfill the rising demand for fuel-efficient and environment-friendly cars
The UAE car market has been experiencing a promising recovery in 2022 with competitive sales of models across segments. While the SUVs continue to dominate, new entrants in EVs and hybrids have made their way to customer preference, to offer environmentally friendly choices. Speaking of the positive growth after the industry's bleak performance during the pandemic; Belal Nasr (CEO, New Auto FZCO) said, "The UAE car market has bounced back stronger after a rather prolonged slump. We have recorded a growth in sales in 2022 with passenger cars experiencing an upward graph and alternative fuel options providing the much-needed throttle to boost overall car sales revenue." Belal Nasr says; "The UAE government supports the automotive segment to make it a key revenue generator and we have seen tremendous growth to rank second in line as the fastest-growing automobile market after Saudi Arabia. Other benefits like providing incentives to encourage the import and use of EVs, and relief in taxes are accelerating the demand for emission-free vehicles. Dubai especially is the main automotive hub and will continue to remain a leading expor and re-expor of automobiles to the MENA region. The launch of our new showroom is timed well to catch up on the rise in demand for vehicles across segments and we hope to generously contribute to the expected growth rate.”