Latest news with #preownedvehicles
CTV News
4 days ago
- Automotive
- CTV News
Here's what you should know about buying preowned vehicles
Barrie Watch Here's what you should and shouldn't do when buying preowned vehicles with experts from Moffatt's Mazda in Barrie.
Al Bawaba
04-07-2025
- Automotive
- Al Bawaba
Audi Oman Launches Audi Approved Plus Summer Campaign
Audi Oman, represented by Premium Motors, has launched an exciting new Audi Approved Plus Summer Campaign, offering a limited-time opportunity to enjoy the hallmark luxury, performance, and engineering of Audi at exceptional value. This seasonal initiative invites customers to discover a curated selection of certified pre-owned vehicles, each accompanied by a suite of premium ownership campaign showcases compelling deals on a variety of sought-after Audi models, combining performance, innovation, and value. The 2023 Audi Q3 35 TFSI S tronic with 150 HP is available in two configurations, with monthly EMIs starting from OMR 83 and OMR 87. Enthusiasts looking for sporty styling and dynamic handling opt for the 2024 Audi S3 with an EMI of OMR 140 or the S3 Sportback at OMR 143. Those interested in electric mobility have attractive options as well, including the 2022 e-tron Sportback S line is offered with EMIs of OMR 123 and OMR 176, depending on specifications. The high-performance 2022 e-tron SB/ S line is available at an EMI of OMR 132, making it a strong contender for customers embracing Audi's electric Audi Approved Plus Programme is a hallmark of trust and quality in the pre-owned vehicle market, offering customers the same premium experience they would expect when purchasing a brand-new Audi. Designed to uphold the brand's exacting standards, the programme ensures that every certified vehicle meets rigorous criteria for performance, safety, and the heart of the programme is a detailed 300+ point inspection carried out by trained Audi technicians. Each vehicle undergoes a thorough evaluation of its mechanical, electrical, and aesthetic components from the condition of the paint and undercarriage, to key consumables like brake pads and spark plugs. Advanced diagnostic scans are also performed to detect and resolve any hidden issues, ensuring every Approved Plus Audi is road-ready and sets the Audi Approved Plus Programme apart is meticulous inspection along with the comprehensive warranty and after sales support that comes with each vehicle. This combination offers buyers complete peace of mind, reinforcing Audi's reputation for engineering excellence and customer by Audi's legacy, Audi Approved Plus offers a trusted, high-quality alternative to a new car for both daily driving and lasting Nehme, General Manager of Premium Motors, commented: "With the Audi Approved Plus Summer Campaign, we are reaffirming our commitment to delivering the Audi experience without compromise. Each certified vehicle is inspected and backed by warranty and represents our promise of quality and customer confidence. This initiative is designed for those who value a premium customer experience and want to enjoy the drive with the assurance that comes with Audi standards.'Expert consultants are available to provide personalised guidance and test drives, helping customers discover what sets Audi apart in redefining the driving experience in the region. To experience the new Audi Approved Plus, visit the Premium Motors Audi showroom in Oman.
Yahoo
03-07-2025
- Automotive
- Yahoo
GCC Used Car Market Competition, Forecasts and Opportunities to 2030: AI-Powered Pricing Tools Elevate Transparency and Buyer Confidence
The GCC used car market is rapidly evolving, driven by increased consumer acceptance and digital transformation. Opportunities include rising online platforms offering transparency and convenience, AI-powered pricing tools, and growing certified pre-owned programs. Challenges remain in standardizing vehicle grading and tackling fraud. GCC Used Car Market Dublin, July 03, 2025 (GLOBE NEWSWIRE) -- The "GCC Used Car Market, By Country, Competition, Forecast and Opportunities, 2020-2030F" report has been added to GCC Used Car Market was valued at USD 49.20 Billion in 2024, and is expected to reach USD 78.55 Billion by 2030, rising at a CAGR of 8.11%. The market is evolving rapidly due to increasing consumer acceptance of pre-owned vehicles, bolstered by a surge in online platforms offering transparent and convenient purchase experiences. Digital transformation has significantly improved buyer trust, particularly among younger consumers, through access to vehicle history, inspection reports, and financing options. Economic uncertainty and high depreciation costs of new cars are steering buyers toward cost-effective alternatives. Rising supply from leasing returns and rental fleet turnover is further enriching inventory across the region. In Saudi Arabia, motor vehicle sales witnessed a notable increase, reflecting robust consumer demand and favorable financing trends. Meanwhile, the growing availability of certified pre-owned programs, AI-based pricing tools, and flexible ownership models is reshaping how vehicles are bought and sold. These developments are enhancing value in the used car ecosystem, though challenges such as warranty limitations, odometer fraud, and inconsistent vehicle grading still impact market Drivers: Growth of Online Used Car PlatformsThe rise of digital platforms is revolutionizing the used car sector in the GCC. These platforms offer end-to-end services including listings, financing, vehicle history checks, and delivery, significantly improving transparency and convenience. Buyers benefit from greater choice and real-time pricing comparisons, while sellers enjoy faster transactions and a broader customer reach. Features such as inspection reports, return policies, and AI-driven pricing tools build buyer confidence and reduce friction in the buying process. As seen in the UAE's rapidly expanding eCommerce sector, the integration of digital infrastructure supports the increasing shift to online vehicle sales. The convenience of online services is particularly attractive to tech-savvy consumers, making digital platforms a powerful growth catalyst in the regional used car Market Challenges: Lack of Standardized Vehicle Grading SystemsThe absence of a consistent and industry-wide vehicle grading framework remains a critical challenge in the GCC used car market. Each seller may apply different metrics to evaluate a vehicle's condition, leading to discrepancies in pricing and buyer confusion. This lack of standardization makes it difficult for consumers to accurately compare similar vehicles, undermining trust in listings and complicating negotiations. The issue is particularly pronounced in peer-to-peer transactions, where formal inspection protocols are often lacking. A unified grading system that assesses key aspects like engine condition, accident history, and service records would improve market transparency, streamline valuations, and build consumer of Odometer Fraud and Undisclosed DamagesFraudulent practices such as odometer tampering and concealment of previous damages pose serious risks in the used car market. These issues inflate vehicle value and expose buyers to future repair costs, damaging overall trust in resale transactions. In markets where strict inspection laws and title branding are not enforced, such malpractices can go undetected. Even informed buyers may fail to identify structural issues during standard checks. This erosion of confidence limits market participation and deters cautious consumers. Tackling these issues requires stronger regulatory oversight, reliable documentation, and greater adoption of third-party inspection Market Trends: Rising Adoption of AI-Powered Pricing and Valuation ToolsAI-based pricing tools are becoming essential in modernizing used car valuation across the GCC. These systems leverage data from past transactions, vehicle specs, market demand, and regional trends to generate real-time pricing recommendations. Sellers benefit from optimal listing strategies, while buyers gain assurance of fair market value. These tools help minimize pricing discrepancies and support faster, more confident decision-making. As dealers and platforms automate inventory management using these tools, the used car market is becoming more transparent and efficient. The technology also supports dynamic pricing adjustments based on supply, demand, and seasonal variations, driving more streamlined Market Players Al-Futtaim Group Dubizzle Motors Abdul Latif Jameel Motors Yalla Motors Al Nabooda Automobiles LLC Syarah Ltd CarSwitch AlTayer Motors Arabian Auto Agency One Sky Information Technology Company (Carly) Key Attributes: Report Attribute Details No. of Pages 135 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $49.2 Billion Forecasted Market Value (USD) by 2030 $78.55 Billion Compound Annual Growth Rate 8.1% Regions Covered Middle East Report Scope:In this report, the GCC Used Car Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:GCC Used Car Market, By Vendor: Organized Unorganized GCC Used Car Market, By Vehicle Type: Hatchback Sedan Sports Utility Vehicle (SUV) Multi-Purpose Vehicles (MPVs) GCC Used Car Market, By Sales Channel: Online Offline GCC Used Car Market, By Country: UAE Saudi Arabia Qatar Oman Kuwait Bahrain For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment GCC Used Car Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
