High Gear: Saudi Arabia Reigns Supreme in the Automotive Industry: Ken Research In recent times, there has been a resurgence in demand for Saudi Arabia’s used car and after market segments. Experts project that the used car market is poised for steady growth, with a CAGR estimated to be around ~4% from 2019 to 2025. STORY OUTLINE The Covid-19 pandemic caused a significant decline of ~60% in… Read More »
Lumi Expands to Jeddah, Targets ~$10 Bn Used Car Sales: Ken Research Lumi, a division of Seera, Extends Used Car Sales Reach to Jeddah in Response to Surging Demand. Focuses on Selling Vehicles Aged Two to Four Years. Lumi’s used car business segment sold more than 3,600 vehicles in 2022. STORY OUTLINE Lumi Rental Co., a subsidiary of Seera Group Holding, has opened its second used car… Read More »
