With higher incomes, status and the desire not to pay high maintenance costs drivers in the UAE sell cars prior to warranties expiring, say experts. Dubai motorists tend to driver cars that are newer than drivers in other parts of the world, according to new data released.
With superior spending power, that combines with the desire to avoid high maintenance costs as well as newer cars being a status symbol lead UAE and Saudi motorists to change cars more often.
How often is disputed. On survey from Carmudi.ae an online retailer showed that drivers in the UAE switch their vehicles every 5.2 years, while another site Autodata Middle East shows that motorists swap their autos every 3 or 4 years.
Carmudi, which has analyzed thousands of listings of vehicles during the past quarter, said the vehicles average age listed for sale across the Middle East was 5.1 years, in comparison to Asia of 6.5 years and in Africa of 12.8 years.
The age of autos offered in the United Kingdom increased to 7.95 years in 2015 from 6.7 years during 2005, which suggests the global recession forced many motorists to hold onto their vehicles for a longer period.
That trend could be seen in other countries. Australians were holding onto vehicles for up to 10 years while Americans were 11.5 years.
Motorists in Africa remained the most reluctant to replace vehicles. In Nigeria one of the leading economies in Africa, the average stood at 10.6 years with the Congo being 16.5 years.
UAE drivers sell vehicles just prior to the warranty running out on average, which is usually five years, as that allows them a better return on their trade in.
Cars sold with warranties that have expired have cost of maintenance that are higher and they depreciate at a quicker rate.
Although vehicles are becoming more reliable, the maintenance cost is not dropping, so users do not gain over the long term.