Luxury Cars Sales set to Soar

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The Gulf region has become a hot market for luxury cars, despite the political turmoil in parts of the Middle East. It is seen that wealthy Arabs are all set to buy a record number of vehicles from the likes of BMW?s Rolls Royce, Fiat?s Maserati and Porshe SE this year.

It is learnt that the sales of high end cars in Gulf countries, including in the UAE; and is set to grow by a 20 percent this year, more than double the overall rate if 9.7 percent in this segment. According to forecasts, this sales will spurt will continue.

?Thanks to the UAE, we were able to counterbalance the slowdown in other parts of the region,? said Umberto Maria Cini, who oversees the Middle East and Africa for Maserati. If the sales pickup from May and April continues, the Fiat unit may ?run out of cars? in the next few months, Cini said, predicting a gain of more than 10 percent for the rest of 2011. It is also learnt that Porsche is asking its UAE buyers of the Cayenne SUV to wait at least three months for the delivery.

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