Increase In Number of Women Drivers Is Set to Drive Used Car Market In Saudi Arabia: 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 Introduction A used car is the second-hand vehicle that is accessible for resale. Several outlets such as franchise and independent car dealers, auctions, rental car companies, private party sales and leasing offices sell used cards. Report Analysis According to the report analysis, ‘Saudi Arabia Used Car Market Outlook to 2025- By Market Structure (Organized & Unorganized), By Type of Car (Sedans & Hatchbacks, SUVs & Crossovers, Pick-ups and Luxury), By Brand (Toyota, Hyundai, GMC & Chevrolet, Ford and Others), By Type of Sourcing, By Age of Vehicle (Less than 1 year, 1-3 years, 3-5 years & More than 5 years), By Kilometers Driven (Less than 50,000 Km, 50,000-80,000 Km, 80,000-120,000 Km & More than 120,000 Km) and By Region (Northern, Southern, Central, Eastern and Western)’ states that the used car industry in Saudi Arabia has augmented at a CAGR of 0.8% on the basis of gross transaction value over the duration 2014-2019 and deducted at a CAGR of -2.4% on the basis of sales volume. The departure of expats from the country and the economic instability underwritten to the decline in sales throughout 2016-2017. The addition of women drivers and the high levels of disposable income in the country are one of the foremost growth drivers of the industry. Boom in the number of online auto-classified platforms and the traction of the customers towards online platforms is underwriting to the inclining used car sales around the country. Market Segmentation By Market Structure: The industry in Saudi Arabia is greatly unorganized owing to the preference of customers towards peer-to-peer sales, greatly facilitated by online auto-classified platforms. The organized market entails of large authorized brand dealerships as well as multi-brand outlets and exhibitions. By Car Brands: Toyota continues to register the used car market in Saudi Arabia owing to higher preference of the customers towards the brand for its reliability and low maintenance. Also, the easy accessibility of spare parts and greater residual value of Toyota cars underwrites to the higher sales. Hyundai underwritten the second highest sales volume during 2019. Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=MzU2NTUy By Age of Vehicle: Three- to five-year-old used cars were witnessed to register the used car sales in the country during 2019. As the installment duration for cars purchased on finance is nearly 3-5 years after which individuals usually prefer to sell off their cars. 1–3-year-old vehicles underwritten the second highest sales volume as great number of these cars found their manner to the used car market when car rental companies de-fleet their prevailing fleet. By Regions: The central region involving the capital of Riyadh registered for the greatest number of used car sales in the country during 2019 owing to the concentration of young working population across the region. The western region underwritten the second highest used car sales. Most of the foremost authorized dealers have several showrooms in these regions. Future Outlook The used car industry is projected to recover from the Covid-19 pandemic and observe growth by 2025. The growing demand from smaller cities such as Jazan, Arar among others is predicted to propel the growth of the industry. The increasing traction towards online platforms is projected to compel dealerships to enlarge their existence online. Online platforms are projected to leverage latest technologies such as artificial intelligence & virtual reality to improve user browsing experience. The complete used to new car sales ratio in the country is also projected to improve during the future. For More Information on the research report, refer to below link:- Saudi Arabia Used Car Market Related Reports:- USA Used Car Market Outlook to 2026 – Driven by an influx of digital players along with consumer demand for personal mobility and affordable pricing SEA Used Car Market Outlook to 2026F: Driven by Covid-19 led shift in User’s Preference towards Private Vehicles and Growing Penetration of Online Used Car Platforms Australia Used Car Market Outlook to 2026F – Driven by the consumer shift to online platforms and supply chain issues for new vehicles with an increasing trend of upgrading vehicles Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Support@kenresearch.com +91-9015378249 Tags: Ford Used Car Sales, Gmc & Chevrolet Used Car Revenue, Hyundai Used Car Sales, Kia Used Car Sales, Luxury Used Car Saudi Arabia, Motory Used Car Revenue, Nissan Used Car Sales, Number Of Used Car Sales In Saudi Arabia, Pre Owned Cars Market In KSA, Saudi Arabia Passenger Car Market, Saudi Arabia second hand car market, Saudi Arabia Top Used Car Dealers, Saudi Arabia Used Car Market, Saudi Arabia Used Car Market Competition, Sedan Used Car Sale Saudi Arabia, Suvs Used Car Saudi Arabia, Top Online Auto-Classifieds Saudi Arabia, Toyota Used Car Revenue, Used Car Dealerships in Saudi Arabia, Used Car Financing Saudi Arabia, Used Cars Financing In Saudi Arabia, Used Passenger Vehicles KSA