New car business in UAE gloomy for 2019

GREG BAKER / AFP

Fewer new cars will be sold in the UAE in 2019 than last year.

That's according to industry experts, who say that while Ramadan is a good time for dealerships, it probably won't overturn this year's downward trend.

Oweis Zahran, CEO of OWS Auto Parts and Managing Partner of Rafid Automotive Solutions, explains.

He explains why more people in the UAE are turning to used cars instead of new ones. 

More from Business

Coming Up on Dubai Eye

  • Afternoons with Helen Farmer

    1:00pm - 4:00pm

    Every weekday afternoon, Helen Farmer will help you to navigate the highs and lows of life in the UAE. Stay up to date with what’s happening and where to go.

  • The Debrief

    4:00pm - 7:00pm

    Join Dane & Lucy on Dubai Eye 103.8 for The Debrief from 4pm to 7pm, the perfect way to unwind after a busy day at the office.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Is There Sufficient House Supply In UAE

    Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?

  • Noon's First Female Delivery Driver

    Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!