Car makers kicked off reporting for the first quarter with robust sales increases in the region, despite signs the market in the UAE had slowed after a strong performance last year.
Dealers for General Motors (GM), which makes the GMC, Cadillac and Chevrolet models, reported Middle Eastern sales growth of 4 per cent to 31,154 vehicles in the first three months of this year compared with the same period last year.
That performance was GM's best in the region since 2008, and taking sales in Iraq out of the Middle Eastern figures, sales increased more than 30 per cent.
BMW had its best-ever first quarter in the region as dealers sold 6 per cent more cars, with particularly robust sales in Lebanon.
Audi also had its best quarter ever in the region and the UAE. It sold 8 per cent more cars in the country and 12 per cent more in the region.
GM increased its sales 16 per cent in the UAE, compared with the company's estimates of a 9 per cent increase in the overall market.
"We certainly think we are picking up market share with our growth here," said John Stadwick, the managing director in the Middle East for GM.
The company has traditionally had a loyal following in the Middle East for its bigger four-wheel-drive vehicles such as the Cadillac Escalade and the Chevy Tahoe.
But GM is now trying to boost its sales of passenger and cross-over cars, achieving sales growth of more than 75 per cent for both types in the first quarter.
Bill Carter, the valuations manager at Autodata Middle East, an independent vehicle valuation company, said the market for passenger vehicles in the UAE was becoming more fragmented as drivers opted for brands such as GM, Hyundai and Kia over the traditionally dominant Japanese players Nissan and Toyota.
"I'd say growth in the first quarter is around the 5 per cent mark," he said.
"I'd be surprised if it was any higher than that."
He added that manufacturer's sales confirmed his view that the overall market in the UAE had been slow in the first quarter of the year, despite moves by banks and dealers to push cheaper financing options among consumers.
"No one we have spoken to has said they have had a good start to the year in the UAE," said Mr Carter.
In a bid to entice customers to buy, Al-Futtaim Motors was offering initial loans at 1.99 per cent interest for many of its Toyota models in the first quarter, below the past year's average market rate, which analysts say ranged between 3 and 7 per cent.
Arabian Automobiles, the exclusive dealer in Dubai and the Northern Emirates for Nissan, Renault and Infiniti, is offering zero per cent interest on the Nissan Sunny to encourage sales at the budget end of the market.
Mr Stadwick said banks had become more willing to offer financing, which was helping to drive the overall market.
"Banks do have money to lend to the right customer," he said. "The consumer that's getting rejected is because of bad credit history or the debt ratio is unsustainable."
rjones@thenational.ae
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MATCH INFO
Uefa Champions League semi-final, second leg result:
Ajax 2-3 Tottenham
Tottenham advance on away goals rule after tie ends 3-3 on aggregate
Final: June 1, Madrid
ZIMBABWE V UAE, ODI SERIES
All matches at the Harare Sports Club:
1st ODI, Wednesday - Zimbabwe won by 7 wickets
2nd ODI, Friday, April 12
3rd ODI, Sunday, April 14
4th ODI, Tuesday, April 16
UAE squad: Mohammed Naveed (captain), Rohan Mustafa, Ashfaq Ahmed, Shaiman Anwar, Mohammed Usman, CP Rizwan, Chirag Suri, Mohammed Boota, Ghulam Shabber, Sultan Ahmed, Imran Haider, Amir Hayat, Zahoor Khan, Qadeer Ahmed
COMPANY%20PROFILE
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Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
UAE%20ILT20
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Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
RESULTS FOR STAGE 4
Stage 4 Dubai to Hatta, 197 km, Road race.
Overall leader Primoz Roglic SLO (Team Jumbo - Visma)
Stage winners: 1. Caleb Ewan AUS (Lotto - Soudal) 2. Matteo Moschetti ITA (Trek - Segafredo) 3. Primoz Roglic SLO (Team Jumbo - Visma)
SPECS
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if you go
Getting there
Etihad (Etihad.com), Emirates (emirates.com) and Air France (www.airfrance.com) fly to Paris’ Charles de Gaulle Airport, from Abu Dhabi and Dubai respectively. Return flights cost from around Dh3,785. It takes about 40 minutes to get from Paris to Compiègne by train, with return tickets costing €19. The Glade of the Armistice is 6.6km east of the railway station.
Staying there
On a handsome, tree-lined street near the Chateau’s park, La Parenthèse du Rond Royal (laparenthesedurondroyal.com) offers spacious b&b accommodation with thoughtful design touches. Lots of natural woods, old fashioned travelling trunks as decoration and multi-nozzle showers are part of the look, while there are free bikes for those who want to cycle to the glade. Prices start at €120 a night.
More information: musee-armistice-14-18.fr ; compiegne-tourisme.fr; uk.france.fr
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Kill%20
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Which honey takes your fancy?
Al Ghaf Honey
The Al Ghaf tree is a local desert tree which bears the harsh summers with drought and high temperatures. From the rich flowers, bees that pollinate this tree can produce delicious red colour honey in June and July each year
Sidr Honey
The Sidr tree is an evergreen tree with long and strong forked branches. The blossom from this tree is called Yabyab, which provides rich food for bees to produce honey in October and November. This honey is the most expensive, but tastiest
Samar Honey
The Samar tree trunk, leaves and blossom contains Barm which is the secret of healing. You can enjoy the best types of honey from this tree every year in May and June. It is an historical witness to the life of the Emirati nation which represents the harsh desert and mountain environments
SPECS
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COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
FULL%20RESULTS
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How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
SPEC%20SHEET
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The specs
Engine: 3-litre twin-turbo V6
Power: 400hp
Torque: 475Nm
Transmission: 9-speed automatic
Price: From Dh215,900
On sale: Now
JOKE'S%20ON%20YOU
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COMPANY%20PROFILE
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Blonde
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EAndrew%20Dominik%3Cbr%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EAna%20de%20Armas%2C%20Adrien%20Brody%2C%20Bobby%20Cannavale%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3Cbr%3E%3C%2Fp%3E%0A
The Great Derangement: Climate Change and the Unthinkable
Amitav Ghosh, University of Chicago Press
The specs: 2018 Volkswagen Teramont
Price, base / as tested Dh137,000 / Dh189,950
Engine 3.6-litre V6
Gearbox Eight-speed automatic
Power 280hp @ 6,200rpm
Torque 360Nm @ 2,750rpm
Fuel economy, combined 11.7L / 100km
Globalization and its Discontents Revisited
Joseph E. Stiglitz
W. W. Norton & Company
COMPANY%20PROFILE%20
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A timeline of the Historical Dictionary of the Arabic Language
- 2018: Formal work begins
- November 2021: First 17 volumes launched
- November 2022: Additional 19 volumes released
- October 2023: Another 31 volumes released
- November 2024: All 127 volumes completed
Confirmed%20bouts%20(more%20to%20be%20added)
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