February 22nd, 2009 Sports Car Sales to Rise for UAE Dealer
While most of the world is cutting back on luxury items as the economy continues to flail, one car dealer in the Middle East is predicting a rise in sales of expensive sports cars over the next year.
Liberty Automobiles created a “performance car corner” at the Sharjah showroom. It is designed to showcase and promote sales of Chevrolt speciality and high performance vehicles. It is hoped this will help the dealer capitalize on the “increasing demand in performance cars during the past year.”
Despite the economy, UAE Emiratis and expatriates will still seek out their sports cars. Even though industry experts are predicting a significant drop in Middle Eastern car sales, the dealership predicts their sales will increase by 50% in 2009.
One of the obstacles to acquiring a sports car for sale is financing. With financial institutions around the globe tightening their credit requirements, many buyers are being shu out of the market. Liberty has gone directly to the source. They have negotiated an agreement with Abu Dhabi Ilamic Bank to help their customers obtain the necessary credit with fewer obstacles.
Liberty saw a 30% increase in sales across all product lines last year. While they don’t expect to see that general growth, they do expect their sports car division to rise by 50%. Liberty has showrooms in the northern emirate Sharjah and Dubai. They ae a GM dealer
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