Page 396 - Ministry of Economy - December 2017
P. 396
12/25/2017 FNC member asks government to place cap on rising car prices ahead of VAT - The National
because each nations vehicles will have a different
specification level even though the vehicles are
badged the same.”
“A vehicle may be badged “gxr” in every country – that
doesn’t mean they are all equal.”
Each country orders its cars to be built to a certain
specification level and that level will vary between each
country. And if there is more than one dealer in a
country, it can vary between dealers.
Nevertheless, the issue of where vehicles are most
expensive is a hot topic that always comes up.
“I’ve been here ten years and if it hasn’t come up every
year then every other year. But you are not necessarily
comparing apples with apples.”
He said regulating the prices will only be useful “if there
was an agreement between all the dealers and all the
manufacturers that specifications would be the same.
And that’s never going to happen.”
According to Mr Carter, environmental regulations don’t
affect the prices much. The Emirates Authority for
Standardisation and Metrology has decreed that all
vehicles must meet the EU “euro 4” specifications for
the 2018 model year – “that means the amount of
emissions from 2018 will be more in line with what
happens in Europe. The UAE are bringing out more of
these environmental regulations compared with the
rest of the GCC. But there are moves to standardise
regulations across GCC.”
“But if you make sure you are comparing like for like,
the price variation is not very big,” he concluded.
https://www.thenational.ae/uae/fnc-member-asks-government-to-place-cap-on-rising-car-prices-ahead-of-vat-1.681764 4/4
