Page 377 - Ministry of Economy - December 2017

12/25/2017 UAE car prices are highest in GCC: FNC member | MENAFN.COM
tax) is implemented", said a Federal National Council (FNC)
member on Tuesday.

During the FNC session held in Abu Dhabi, FNC member

Saeed Saleh Al Rumaithi from the Capital, raised the question
to the Minister of Economy, Sultan bin Saeed Al Mansoori,
about the prices of vehicles, which Al Rumaithi said were "the

highest in the GCC".

"There was a report, which revealed that the UAE has the
highest prices in cars across the GCC."

"There will also be upcoming challenges that consumers will

face once VAT is implemented next month."

He pointed out that consumers are already facing "many
problems", when it comes to purchasing vehicles with a

reasonable price, adding that car dealerships and agencies are
making a large pro t from the consumer's pocket.

However, the minister of economy said that car agencies
usually only make ve per cent pro t from any vehicle

purchase.

On the other hand, Al Rumaithi argued that people who buy
or order the latest model in the market must pay a whopping

Dh50,000 on top of the set price of the vehicle.

"So is the agency really making only 5 per cent pro t?" asked

Al Rumaithi.

The FNC member thus proposed the ministry place a cap on
the prices of vehicles, which the minister of economy said was

not possible.

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