Rising online presence of used car players, lack of original manufacturing facilities and expensive importation of automobiles is driving Used Car Market in KSA: Ken Research Saudi Arabia News KSA Used Commercial Vehicles Market Overview New sales and Service Channels: The increasing adoption of mobile servicing, workforce hygiene, shared mobility, contactless services, e-commerce and vehicle pick-up has boosted demand for disinfection, cleaning and car wash services. Customer preference for auto servicing is shifting towards mobile platforms, which has resulted in the… Read More »
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 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… Read More »
Future of Saudi Arabia Used Car Market Growth Rate: Ken Research How Is the Saudi Arabia Used Car Market Positioned? The Kingdom of Saudi Arabia is the largest automotive market in the GCC & the gulf region. It is an important market for car manufacturers and is home to various automotive OEMs. The growing disposable incomes of the people and the recent addition of women drivers… Read More »
Increasing Prices of New Cars with the Tripling of VAT rate and Shifting Preferences towards Online Platforms driving Used Car Sales in Saudi Arabia: Ken Research Growth of Online Platforms: The last decade has witnessed the entry of various online auto classified platforms in the country such as Motory, Abi Sayara, Syarah, and more. The internet penetration in the Kingdom stood at ~93% in January 2020, highlighting the growing presence of consumers online. The majority of the leads for offline dealerships were… Read More »
In-Depth Analysis Of The Covid-19 Impact On The Used Car Industry In Saudi Arabia: Ken Research The global outbreak of the Covid-19 virus has led to massive disruptions in all industries, especially with sectors such as automotive, travel, hospitality & more. The looming public health crisis has claimed over 760 thousand lives globally as of 14th August 2020 and apart from that, it continues to pose a threat to the lives, livelihoods,… Read More »
Saudi Arabia Used Car Market Outlook to 2025: Ken Research The report titled “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… Read More »