With UAE automobile dealerships seeing lacklustre business so far this year, Ramadan and the summer months could be the perfect time to pick up a new car at a bargain price, say experts.
The industry has had the worst year since 2009, as Gulf News reported last month, which is building up unsold inventory that will force dealerships to do what it takes to shift stock. This is good news for prospective car buyers as five-year warranties, free insurance and other incentives are all sitting on the table.
It’s not going to be grim forever for the auto sector. Bruce Robertson, Regional Managing Director at Jaguar Land Rover, told Gulf News recently there is no reason for the industry to panic. “Yes, there will be some concerns over the extent of the deals on offer... but I don’t think this represents the new norm,” he said. “I lived through this in the UK during 2009 — it’s just a simple situation of supply and demand.
“There are many ways manufacturers can help resolve this — they could adjust production or change the model mix to balance out the situation. At the end of the day, everyone wants profitability for their dealerships.”
Things are likely to pick up for dealers is the consensus, but before they do consumers are set to benefit from some top offers. “We have been reviewing our prices since the beginning of this year,” says Axel Dreyer, President of Hyundai UAE. “Starting with the Dubai Shopping Festival, the company has continuously provided special offers and price reductions to its customers.
“This Ramadan we have a great promotion, which, in addition to the already special prices, will also give UAE customers additional value in the form of finance solutions and service contracts. Hyundai UAE is also looking forward to launching its much-anticipated range of 2017 models during the month.”
Best deals for Ramadan 2016
Official BMW importer AGMC offers 15 per cent towards the down payment on new models across the BMW and MINI ranges and 18 per cent if customers take a vehicle loan from BMW Albatha Finance. Customers can also grab 40 per cent savings on all BMW and MINI lifestyle accessories (excluding watches and bikes).
There is a raft of deals on offer this Ramadan for Ford automobiles. They include: Ford Figo 2016 (from Dh36,950), Ford EcoSport 2016 (from Dh55,950), Ford Focus 2016 (from Dh59,950), Ford Fusion 2016 (from Dh71,950), Ford Escape 2016 (from Dh73,950), and Ford Explorer 2016, Ford Expedition 2016 and Ford F150 2016 (from Dh129,950) — all with various maintenance, warranty and insurance offers.
Throughout the month, buyers can avail of interest rates starting at 1.99 per cent, warranty of 5 years/1 million km, maintenance for 3 years/60,000km, free tinting, free registration and free insurance.
Luxury lovers can choose from a range of Mercedes models at slashed prices this June. Choose from deals such as the iconic V6 engine E 300 (from Dh199,000), the powerful 7-seat V8 engine SUV GL 500 (from Dh299,000), or the stylish S 400 saloon (from Dh399,000) — all with various maintenance, warranty and insurance offers.
This Ramadan, purchase a Haval SUV and get a free voucher, free insurance and registration, free service for 3 years/60,000km and warranty for 5 years/250,000km.
It doesn’t come much classier than a Jaguar, so make the most of these Ramadan offers: Jaguar XF 2016 (from Dh179,000), Jaguar XE 2016 (from Dh169,000), Jaguar XJ 2016 (from Dh259,000), Jaguar F-PACE 2017 (from Dh234,500), Jaguar F-Type 2016 (from Dh289,000) — all with various maintenance, warranty and insurance offers.
For some top four-wheel action, look no further than these Land Rover deals: Land Rover LR4 2016 (from Dh249,000) and Land Rover Discovery Sport 2016 (from Dh169,000) — with various maintenance, warranty and insurance offers, plus cashback on selected models.
High-end off-road brand Range Rover is beloved in this region and this June could be the time to own one. Look out for the Range Rover Evoque 2016 (from Dh189,000), with various maintenance, warranty and insurance offers.
South Korea’s big car brand offers several finance as well as service deals this Ramadan in the UAE and will launch its 2017 range this month.
If you’re looking for Italian exclusivity, then check out an offer of only 5 per cent down payment, monthly installments (from Dh2,950), and warranty and service deals (price depending on model).
Volkswagen offers benefits such as zero per cent interest up to five years, one-year free insurance, 90 days deferred payment, monthly installment starting at Dh994, a five-year warranty, 3 years/45,000km free service, roadside assistance and free registration for three years.