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October has seen several interesting developments in the automotive industry. We have had numerous reports that late year (2010-2011) Toyota Yaris are in short supply in the used car arena. This has meant a rise in price for these models for the November edition of the car guide. Coupled with the launch of the latest generation of Yaris hatchback it would indicate that Toyota is in no danger of losing its domination of this market.

Al Habtoor have opened their new approved used car operation, Car Zone, on the Sheik Zayed Road in Dubai with other branches to follow in the very near future means their buyers are actively searching for good quality stock. Porsche Middle East & Africa have been breaking all records in the number of new cars sold and delivered so far this year. It would seem that the whole industry has picked its self-up,

brushed its self-down and got on with business following all the problems of the last six months. Long may it continue. Movements in values for this month are just the normal ebb and flow of the market. However if the quest for quality used cars continues we will see values rising for the models that are in demand across all aectors. One point to keep an eye on is the debate over fuel prices in the UAE. If we get the price rises that the press have been indicating, we could see a change in the market demand going forward. More to come on this subject I feel.

Bill Carter
Head of Valuations
Autodata Middle East
Email: bcarter@autodata.ae

Bill Carter (1952) is head of the Valuations Department at Autodata Middle East.
Bill has been working in the automotive industry for 42 years, among which 16 years for Glass's Guide. The last three years Bill analyzed the new and used car market in the United Arab Emirates.