After years of practicing in Al Ain, Yas Marina Circuit and Dubai Autodrome, Al Jaeedi decided to take another hobby into action
uae15 hours ago
A majority – 66 per cent – of motorists in the UAE will be repairing their rain-damaged cars now, but plan to buy a new vehicle in the future, according to a new study released by market and consumer intelligence firm NIQ-GfK.
About 22 per cent of car owners are considering to buy a new vehicle after assessing the damage.
“The recent heavy rains in Dubai caused significant disruptions to the UAE's automobile sector. Many people were unable to get to dealerships or service centres due to the weather. This has impacted car sales and maintenance schedules,” said Rahul Dixit, consumer and marketing insights commercial leader, Arabian Peninsula and Pakistan at NIQ-GfK.
Stay up to date with the latest news. Follow KT on WhatsApp Channels.
Nearly 32 per cent of respondents stated that their vehicles were stuck due to water logging on roads or in the parking lots.
A study by Guy Carpenter said that around 30,000 to 50,000 vehicles were damaged during the floods after unprecedented rains in mid-April. Only vehicles with comprehensive policies will be covered by insurance companies because third-party liability policies typically do not cover natural catastrophes.
Abhinav Gupta, CEO for the Gulf region at Cars24, told Khaleej Times earlier that 20 to 25 per cent of submerged cars are likely to have serious problems or damages.
“Owners will retain those cars that are repairable. They will come later to the market for sale. For the next 6 to 12, most of these damaged cars should come back to the market,” he added.
Vehicles that were submerged in the basement parking of the buildings were still being pulled out this week by the vehicle owners.
The NIQ-GfK study was conducted online in Dubai, Abu Dhabi, Sharjah, and other Northern Emirates which highlights the impact of natural disasters on the auto sector. Conducted between April 20 to 22, a total of 1,225 people took part in the study aged between 18 to 55 and includes different ethnicities.
ALSO READ:
After years of practicing in Al Ain, Yas Marina Circuit and Dubai Autodrome, Al Jaeedi decided to take another hobby into action
uae15 hours ago
Annual educational fees total Dh40,000, with additional Dh40,000 for therapy services, varying based on individual needs
uae16 hours ago
The exhibition, titled Eternal Letters: Qur’an Manuscripts from the Abdul Rahman Al Owais Collection, spans over 1,300 years of history
uae17 hours ago
Students have expressed their love for the milk’s taste, with many noting that their families also purchase it for home use
uae17 hours ago
People across the country can watch it live on December 2 on local TV channels, cinemas and selected public areas
uae20 hours ago
The tremors were not felt by UAE residents despite the country's close proximity to Iran
uae23 hours ago
He was a founding member of the Dubai chapter of The Institute of Chartered Accountants of India and once served as general manager of Khaleej Times
uae1 day ago
No casualties were reported by authorities in Aurora province, but thousands of homes were damaged, and heavy losses were sustained
uae1 day ago