Despite new car sales in the UAE seeing a decline from a high 408,000 cars in 2015, down to a low 153,000 in 2020, the second-hand market has continued to mature further. In total, the UAE has approximately 3.5 million cars on the road, 28% of which are driven around in Abu Dhabi. Over 53% of all cars are 7 years or older.
In 2021, motor insurance was expected to rise to a total market value of AED 9.8 million. This is a very promising time for automobile service providers to thrive in. Sustaining a successful automobile repair business in the UAE requires you need to consider a variety of different variables, for example:
… and so on.
Without a solid business plan that is set up with growth in mind, it’s going to be difficult for you as a business to thrive & continue to keep adding value to your customers. To create a good business plan, you need to have an in-depth understanding of the market. For example, if you’ve set up your automobile service center in a less-than-ideal location, it’s going to be difficult to stay profitable.
As an investment company based in the UAE, when we work with businesses such as yours, we look at all the important aspects that the business needs to be successful, and then support the business with financial assistance as well as other services such as market research, marketing strategies, accounting solutions, etc as required to take your business to the next level.
If you are an automobile service provider and would like us to contribute to the growth of your business, you are more than welcome to reach out to us.
