Home GCCAutomotiveGCC New & Used Car Market Races to AED 4,964.4 Billion by 2028: Fueled by Soaring Population, Rising Incomes, and Green Ambitions

GCC New & Used Car Market Races to AED 4,964.4 Billion by 2028: Fueled by Soaring Population, Rising Incomes, and Green Ambitions

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GURUGRAM, India, Feb. 8, 2024 /PRNewswire/ — Buckle up for a thrilling ride! The GCC New & Used Car Market is revving up for a remarkable journey, projected to reach a colossal AED 4,964.4 billion by 2028. Fueled by a population explosion, surging disposable incomes, and a growing embrace of eco-friendly choices, this dynamic market presents a treasure trove of opportunities for investors and industry players alike. 

Key Statistics: 

  • Market Value: Revving from AED 3,643.2 billion in 2023 to AED 4,964.4 billion by 2028 
  • CAGR: Zooming…



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