Saudi Arabia Used Car Market is expected to generate GTV of worth SAR ~125.0 Bn in 2026F owing to Increasing Prices of New Cars with the Tripling of VAT rate and Shifting Preferences towards Online Platforms driving Used Car Sales: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Key Findings Expansion in internet services (~98% internet penetration in 2021) coupled with increasing number of women drivers have collectively given a boost to development of Used Car industry in KSA. Number of used car sold in KSA increased from 2021 to 2026, owing to KSA’s increasing disposable income, internet infrastructure, increased online presence of used car dealers and advancement in technology is going the drive the market in the future. Saudi Arabia Used Car Market Growth Growth of Online Platforms: The last decade has witnessed the entry of various online auto classified platforms in the country such as Carnab and Motary. The internet penetration in the Kingdom stood at ~98% in January 2021, highlighting the growing presence of consumers online. The majority of the leads for offline dealerships were also observed to be generated online. The traction towards online platforms has led to brands & local dealerships partnering with these platforms to list their used car inventory online. Central & Western Region Dominating Sales: The central & western regions, particularly the cities of Riyadh & Jeddah were observed to account for the majority of the used car sales in the country. These regions also account for a large proportion of the working and ex-pat population in the country and act as a business hub. Most large brand-authorized dealers have multiple showrooms in these regions. Impact of COVID-19 on Used Car Sales Market: COVID-19 has severely impacted the automotive industry in Saudi Arabia, including the used car sales market. During the months from April-June, 2020 the footfall in showrooms declined by ~80%. Job losses among ex-pats and restricted international travel led to a surge in the supply of used cars from rental companies. Sale of Used Cars expected to increase mainly from tier 2 and 3 cities as consumers prefer to have their own vehicle as compared to travelling in Public Transport System. Companies are expected to increase their presence online to boost their pre-owned car sales. Analysts at Ken Research in their latest publication “Saudi Arabia Used Car Market Outlook to 2026F- Driven by Boom in Online Platforms and Increase in Internet and Smartphone Penetration” observed that post pandemic, Saudi Arabia will be in a growth phase in the used car market in Middle East region. Moreover, the rise in the online platforms and increasing penetration of internet has resulted in higher demand of used cars through online platforms in the country. Therefore, industry is expected to demonstrate strong growth in the future led by growth of online used car platforms that provide convenience to both buyers and sellers and makes the entire process smoother. The Saudi Arabia Used Car Market is expected to grow at a CAGR of 10.2% on the basis of GTV over the forecast period 2021-2026F. KSA Used Car Market By Market Structure Organized Sector OEM Certified Dealers Multi-Brand Non-Franchise Dealerships Auction Companies Unorganized Sector C2C Local Dealers By Type of Car Sedan and Hatchback Suv Pickup trucks Luxury By Manufacturer Toyota Hyundai Ford Chevrolet GMC Nissan Kia By Kms Driven <50,000 50,000-80,000 80,000-150,000 >150,000 By Age of Vehicle <1 year 1-2 years 3-5 years >5 years By City Northern Southern Central Western Eastern By Age of the Consumer: 18-34 35-54 55+ By Age of the Consumer: Female Male Request for Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTg4ODYy Key Target Audience Used Car Companies OEMs Multi-Brands Online Used Car Portals Used Car Financing Companies Government Bodies Investors & Venture Capital Firms Used Car Dealerships Used Car Industry Used Car Manufacturing Companies Used Car Distributors Used Car Auction Houses Used Car Associations Time Period Captured in the Report: Historical Year: 2017–2021 Base Year: 2021 Forecast Period: 2021–2026F Companies Covered: Online Auto-Classified Expatriates Expat Haraj Opensooq Mourjan YallaMotors Motory SellAnyCar Syarah CarsSwitch Carnab OLX Saudisale Halta2ee Major Auction Companies Abdulla Fouad Company of Public Auctions Car Sales Sultan Nasser Auctioneers Est AutoWorld (AKA Al Jazira Equipment Co.Ltd) Saud Qahtani Auction Company Motory Syarah Mozayada budgetsaudi Mazadhala KSA Used Car Market Finance Companies Alinma Bank Riyad Bank ANB Leasing Bank Emirates NBD Auto Lease Bank Al Rajhi Bank National Commercial Bank Saudi Investment Bank Bank Albilad Al Yusr Taajeer Finance Company Abdul Latif Jameel Al-Tayseer Car Finance Major Finance Institution Abdul Latif Jameel Aljomaih Automotive Company Al Jazirah Vehicle Mohamed Yousuf Naghi United Motors Company Universal Motors Agencies SAMACO Automotive Petromin Stellantis Key Topics Covered in the Report KSA Automotive Market Overview KSA Used Car Market Overview Second Hand Car Startups Companies in KSA KSA Online E-commerce Used Car Market Market Ecosystem Value chain Analysis Customer Buying Journey in KSA Decision Making Parameters for Customers Offline and Online Business Models Detailed Analysis on KSA Used Car Market (Market Size, 2021; Market Structure; Market Segmentations; Competition; Future Market Size, 2026; Future Trends and the Way Forward Snapshot on Online Used Car Platforms in KSA Snapshot of Used Car Auction House in KSA Snapshot of Used Car Finance Market in KSA Business Opportunity (Customer Profile Analysis) Recommendations (Sales and Marketing Strategies, Positioning Strategies, Business Framework) Related Reports Egypt Used Car Market Outlook To 2026 – Driven By Shift In Consumer Demand Along With Growth Of Online Used Car Platforms And Availability Of Financing Options Philippines Used Car Market Outlook To 2026 (Third Edition): Driven By The Pandemic Incited New Opportunities For Used Car Dealers And Increased Penetration In The Online Space For Used Car Transactions Vietnam Used Car Market Outlook To 2026 (Second Edition): Driven By Growing Disposable Income And Shifting Consumer Preference From Two-Wheelers To Four-Wheelers Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Tags: Bestselling Used Car Models Saudi Arabia, budgetsaudi Used car Market Sales, Carnab Used Car Market, CarsSwitch second hand Car Market, Economy Used Car Sale Saudi Arabia, Expat Used Car Market, Expatriates Used Car Finance Market Share, Financing of Used Cars Saudi Arabia, Ford Best Selling Used Car Market, Ford Used Car Market Sales, Halta2ee Pre-Owned Car Market, Haraj second hand Car Market, Hatchbacks Used Car Sale Saudi Arabia, Hyundai Used Car Market Sales, Import Procedure of Used Car in Saudi Arabia, Interest Rate Used Cars Saudi Arabia, Kia Used Car Market Sales, KSA Used Car Industry, KSA Used Car Market Finance Companies, Major Investors in KSA Used Car Market, Mazadhala Used car Market Share, Mercedes Benz Best Selling Models Saudi Arabia, Motory Used Car Market, Mourjan Used Car Market, Mozayada Used car Market Revenue, Multi Brands Used Car Platforms in Saudi Arabia, Nissan Used Car Market Sales, Number of Used Cars Sold In KSA, OLX Used Car Market, Online portals for Used Car Saudi Arabia, Online Used Car Classified Saudi Arabia, Online Used Car Dealers In KSA, Online Used Car Sales Growth in KSA, Opensooq Pre-Owned Car Market, Partnership Used Car Saudi Arabia, Pre-Owned Car Market Saudi Arabia, Region Wise Used Cars Sales Saudi Arabia, Saudi Arabia second hand car market, Saudi Arabia Used Car Market, Saudi Arabia Used Car Market Sales, Saudisale Used Car Market, Second Hand Car Distributors Saudi Arabia, Second Hand Car Startups Companies in KSA, Sedan Used Car Sale Saudi Arabia, SellAnyCar Pre-Owned Car Market, Syarah Used Car Market, Syarah Used car Market Share, Top Online Auto-Classifieds KSA, Top Used Car Dealers Saudi Arabia, Total Volume Sales of Used Car in Saudi Arabia, Toyota Best Selling Models Saudi Arabia, Toyota Used Car Market Sales, Used Car Associations in Saudi Arabia, Used Car Auction Houses in Saudi Arabia, Used Car Auction market Saudi Arabia, Used Car Dealerships in Saudi Arabia, Used Car Distributors in Saudi Arabia, Used Car Domestic Players Saudi Arabia, Used Car Finance Dealer in saudi arabia, Used Car Financing Saudi Arabia, Used Car Foreign Players Saudi Arabia, Used Car Tents Saudi Arabia, Used Cars Regional Sales Saudi Arabia, Used Commercial Vehicles Market Saudi Arabia, YallaMotors second hand Car Market, سوق السيارات المستعملة في المملكة العربية السعودية ، صناعة السيارات المستعملة السعودية, شركات السيارات الناشئة المستعملة في المملكة العربية السعودية, موزعين سيارات مستعملة في المملكة العربية السعودية, نمو مبيعات السيارات المستعملة عبر الإنترنت في المملكة العربية السعودية, وكلاء السيارات المستعملة في المملكة العربية السعودية