Saudi Arabia Used Car Market Outlook to 2026F- Driven by Boom in Online Platforms and increase in internet and smartphone penetration 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 The report titled “Saudi Arabia Used Car Market Outlook to 2026F- Driven by Boom in Online Platforms and increase in internet and smartphone penetration” provides a comprehensive analysis of the status of the used car industry in Saudi Arabia. The report covers various aspect of the industry, revenue generated by the KSA Used Car Market, its segmentation viz, 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 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, 80,000-150,000 Km & More than 150,000 Km) and By Region (Northern, Southern, Central, Eastern and Western), business models, major trends and development, issues and challenges, technological advancements and competition analysis. Saudi Arabia Used Car Market report concludes with projections for the future of the industry including forecasted sales volume & gross transaction value by 2026, future market segmentation, Covid-19 impact, emerging online used car models, international case studies, and analysts’ take on the future. KSA Used Car Market Overview and Size The used car industry in Saudi Arabia has grown at a notable CAGR on the basis of gross transaction value and sales volume over the period 2017-2021. The availability of multiple financing options, booming growth of online classified and auction market and increasing smartphone and internet penetration led to the increase in sales from 2017-2021. The addition of women drivers and the high levels of disposable income in the country are some of the major growth drivers of the industry. KSA Used Car Market Segmentations By Market Structure: The industry in Saudi Arabia is largely unorganized due to the preference of consumers towards peer-to-peer sales, largely facilitated by online auto-classified platforms. The organized market comprises of large authorized brand dealerships as well as multi-brand outlets and exhibitions. By Sales Channel: The unorganized sector contributed to the majority of the sales of used car in the country. This higher preference for Unorganized sector was because used cars are cheaper on these platform and customers save 15% VAT charged by Organized players. Over time preference towards organised is increasing due to more convenient buying experience and value added services (warranty, certification). By Type of Cars: Sedans and hatchback were observed to dominate the used car market on the basis of sales volume as they are economical and suitable for almost all kinds of buyers. SUVs & crossovers were found to be the second most preferred types of cars in the country and pick-ups & luxury cars contributed to the remaining sales. By Car Brands: Toyota continues to dominate the used car market in Saudi Arabia due to the higher preference of the consumers towards the brand for its reliability and low maintenance. Also, the easy availability of spare parts and the higher residual value of Toyota cars contribute to higher sales. Hyundai contributed to the second-highest sales volume in 2021 Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTg4ODYy By Age of Vehicle: Three to five-year-old used cars were observed to dominate the used car sales in the country in 2021. As the installment period for cars purchased on finance is around 3-5 years after which people usually prefer to sell off their cars. 1-3-year-old vehicles contributed to the second-highest sales volume as a large number of these cars found their way to the used car market when car rental companies’ de-fleet their existing fleet. By Kilometers Driven: A large proportion of the used cars sold in 2021 belonged to the category of 80,000-150,000 kilometers. Cars with a mileage of 50,000-80,000 kilometers were also largely preferred by the consumers due to their nearly new look and feel and are also economical. By Regions: The central region including the capital of Riyadh accounted for the highest number of used car sales in the country in 2021 due to the concentration of the young working population in the region. The western region contributed the second-highest used car sales. Most of the major authorized dealers have multiple showrooms in these regions. By Age Group of Buyers: The majority of the buyers in the used car market were observed to be in the age group 30-60 years. Many young working professionals, expatriates, families owning multiple cars belong to this age group. The demand for used cars among the age group of 18-30 years is also increasing with increasing disposable income and job opportunities. Saudi Arabia Organized Market Segmentation By Sales Channel: The unorganized sector contributed to the majority of the sales of used car in the country. This higher preference for Unorganized sector was because used cars are cheaper on these platform and customers save 15% VAT charged by Organized players. Over time preference towards organized is increasing due to more convenient buying experience and value added services (warranty, certification). Competitive Landscape of KSA Used Car Market: The industry is highly fragmented and competitive with 2,200+ dealerships operating in the market. Many brands have a certified pre-owned car program in place in the country. Amongst the brand authorized dealerships, the top 6 players including Abdul Latif Jameel Motors, Aljomaih Automotive Company, Al Jazirah Vehicles, Universal Motors & Gulf Advantage are analyzed to account for almost half of the used car sales through the authorized dealerships. These players compete on the basis of parameters such as geographical presence, value-added services offered, financing option, after-sales services offered, dealership network, and more. KSA E-Commerce Logistics Market Future Outlook and Projections The used car industry is expected to recover from the Covid-19 pandemic and witness growth by 2026. The increasing demand from smaller cities such as Jazan, Arar among others is expected to drive the growth of the industry. The growing traction towards online platforms is expected to compel dealerships to expand their presence online. Online platforms are expected to leverage the latest technologies such as artificial intelligence & virtual reality to enhance the user browsing experience. The overall used to new car sales ratio in the country is also expected to improve in the future. 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 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 Major Finance Institution 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 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) For more information on the research report, refer to the below link: KSA Used Car Market: Ken Research Follow Us LinkedIn | Instagram | Facebook | Twitter Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Tags: Bestselling Used Car Models in Saudi Arabia, Competition in KSA second hand Car Market, Competition in KSA Used Car Market, demand for Second Hand Cars in KSA, finance Service Provider in KSA used car Market, foreign players in Second hand car market KSA, Growth of Online Used Car Platforms KSA, Hatchbacks Used Car Sale Saudi Arabia, Investment in Used Car Startups Saudi Arabia, Investment Opportunities in Used car Sector in KSA, KSA Organized Used Car Market Analysis, KSA Used Car Market, KSA Used Car Market Finance Companies, Major Investors in KSA Used Car Market, Multi Brands Used Car Platforms in KSA, Number of Used Car Companies in Saudi Arabia, number of Used Car sold online in KSA, Number of Used Cars Sold In Saudi Arabia, Online portals for Used Car in Saudi Arabia, online used car market Growth in KSA, Opportunity for Used Car Dealers in Saudi Arabia foreign startups in Second hand Car Market KSA, Pre-Owned Car Market KSA, pre-owned luxury car Market Growth in KSA, pre-owned vehicles Market Saudi Arabia, Region Wise Used Cars Sales Saudi Arabia, Saudi Arabia second hand car market, Saudi Arabia used car exporting, Saudi Arabia Used Car Industry, Saudi Arabia Used Car Market, Saudi Arabia Used Car Market Competition, Saudi Arabia Used Car Market Sales, Saudi Arabia Used Car Market Size, Saudi Arabia Used Car Sales Revenue, Saudi Arabia Used Car Sector, Second Hand Car Distributors KSA, Second Hand Car Startups Companies in KSA, Second Hand Car Trading in Saudi Arabia, Second hand cars sales volume Saudi Arabia Saudi Arabia Used Car Market Major Players, Sedan Used Car Sale Saudi Arabia, SUV Second hand car market size, Top Online Auto-Classifieds Saudi Arabia, Total Volume Sales of Used Car in KSA, Used Car Auction market Saudi Arabia, Used Car Dealers in 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 Companies Saudi Arabia, Used Car Foreign Players Saudi Arabia, Used Car Investors & Venture Capital Firms in KSA, Used car startup in Saudi Arabia, Used Cars Regional Sales Saudi Arabia, used-vehicle sales platform in Saudi Arabia, VC Firms Used car Sector in Saudi Arabia