Saudi Arabia used car market size reached USD 9.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 16.8 Billion by 2033, exhibiting a growth rate (CAGR) of 6.43% during 2025-2033. The market is being propelled by several significant factors, including growing consumer apprehensions about the steep prices and accessibility of new automobiles, an increasing focus on environmental issues, and the expanding purchasing capacity of consumers.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033 |
Historical Years
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2019-2024
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Market Size in 2024 | USD 9.6 Billion |
Market Forecast in 2033 | USD 16.8 Billion |
Market Growth Rate (2025-2033) | 6.43% |
A used car, also known as a secondhand car or pre-owned vehicle, is an automobile that has had one or more previous owners. Unlike a new car, which is typically purchased directly from the manufacturer or a dealership, used cars have been driven and owned by someone else before being offered for resale. Used cars come in various conditions, ranging from nearly new vehicles with minimal mileage and wear to older cars with more extensive use. Buyers often choose used cars for reasons such as cost savings, availability of specific models, and the avoidance of the rapid depreciation that new cars experience. Purchasing a used car involves careful inspection and evaluation to assess its condition, history, and overall value. Many used cars are sold through dealerships or in private transactions, providing consumers with a wide range of options to meet their transportation needs and budgetary constraints.
The used car market in Saudi Arabia is a thriving and dynamic sector within the country's automotive industry. In line with this, Saudi Arabia has a significant demand for used cars, driven by factors such as affordability, the availability of a wide range of models, and the avoidance of the rapid depreciation that new cars experience. The market caters to a diverse customer base, including both citizens and expatriates, seeking various vehicle types, from compact cars to SUVs and luxury vehicles. Dealerships and online platforms play a significant role in connecting buyers and sellers in the used car market. Buyers typically value transparency and reliability when purchasing used cars, and there is a growing trend of certified pre-owned programs offered by dealerships to provide peace of mind to buyers. The Saudi Arabian used car market continues to evolve, with a focus on quality, affordability, and a wide array of choices to meet the diverse needs of consumers in the country.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on vehicle type, sales channel, and vendor type.
Vehicle Type Insights:
The report has provided a detailed breakup and analysis of the market based on the vehicle type. This includes hatchback, sedan, MUV and SUV.
Sales Channel Insights:
A detailed breakup and analysis of the market based on the sales channel have also been provided in the report. This includes online and offline.
Vendor Type Insights:
The report has provided a detailed breakup and analysis of the market based on the vendor type. This includes organized and unorganized.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Northern and Central Region, Western Region, Eastern Region, and Southern Region.
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Vehicle Types Covered | Hatchback, Sedan, MUV and SUV |
Sales Channels Covered | Online, Offline |
Vendor Types Covered | Organized, Unorganized |
Regions Covered | Northern and Central Region, Western Region, Eastern Region, Southern Region |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |