Saudi Arabia Used Car Market Valuation – 2025-2032
The increasing demand for reliable and cost-effective transportation solutions in the region is driving the growth of the used car market in Saudi Arabia. A surge in population, rising disposable incomes, and a strong inclination towards purchasing value-driven vehicles are key factors contributing to this upward trend.

As of 2024, the Saudi Arabian used car market is valued at approximately $13 billion. With an expected compound annual growth rate (CAGR) of around 7%, it's projected to reach a significant milestone of $22 billion by 2032. This robust expansion is likely to be fueled by the nation's expanding economy and the increasing preference for affordable yet high-quality vehicles that balance performance, reliability, and affordability.
The proliferation of a diverse selection of pre-owned cars, coupled with shifting consumer inclinations toward affordable, used vehicle options, fuels the market's steady expansion, projected to reach an impressive 20% growth by 2025 and maintain a CAGR of 8% from 2025 to 2032.
Saudi Arabia Used Car Market: Definition/ Overview
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Will Growing Population Drive the Saudi Arabia Used Car Market?
The expanding population in Saudi Arabia is a key driver of the surge in demand for pre-owned vehicles. As the populace grows, so does the need for affordable mobility solutions, particularly in urban hubs where owning a car is often viewed as a necessity for independence. With more individuals reaching driving maturity and a growing affluent segment, the desire for personal vehicles, including used cars, has seen a significant uptick. Furthermore, as cities like Riyadh and Jeddah continue to expand, the demand for private transportation has increased, thereby fueling the growth of the pre-owned car market.
As the country's human capital continues to flourish, Saudi Arabia has witnessed a significant surge in its population, with annual growth rates reaching 1.6%. This demographic shift has yielded an unprecedented demand for pre-owned vehicles, including used cars. As consumers increasingly seek cost-effective options, the market for used cars is poised to expand, driven by the growing need for affordable transportation solutions.

The rapid expansion of urban populations is likely to propel the used car market forward in the coming years, as more individuals seek access to reliable and affordable modes of transportation.
Will Rising Limited Availability of Financing Options Hinder the Saudi Arabia Used Car Market?
The Saudi Arabia Used Car Market faces a pressing concern: dwindling access to financing options. For many car buyers, particularly first-time buyers and those from lower-income backgrounds, these financing solutions provide the necessary bridge to make used cars more attainable. When such options dwindle or become increasingly restrictive, it can significantly impact the number of consumers able to purchase used cars. Moreover, higher interest rates coupled with stricter credit requirements pose a considerable deterrent to potential buyers, ultimately hindering market growth and exacerbating this issue.
The Saudi government and financial institutions are working together to enhance access to financing, potentially alleviating concerns around limited credit options in the future. Certain banks and lending organisations have introduced tailored products for vehicle purchases, which can help ease the financial strain on buyers. While restrictions on financing availability still pose a challenge, market growth is anticipated as innovative solutions continue to emerge, supporting consumer purchasing power.
Category-Wise Acumens
Will Rising Demand for Sedans Drive the Growth of the Saudi Arabia Used Car Market?
Rising demand for sedans is indeed contributing to the growth of the Saudi Arabia Used Car Market. Sedans are popular due to their comfort, fuel efficiency, and relatively lower cost compared to SUVs and other larger vehicles. With increasing urbanization and a growing middle class, sedans are often viewed as a practical choice for individuals and families. Furthermore, their lower maintenance costs and good resale value make them an attractive option in the used car market, contributing to a steady demand for second-hand sedans.
Sedans account for approximately 35-40% of total used car sales in Saudi Arabia, with an annual increase of about 4-6% in sales over the past few years. This growth is particularly noticeable in cities such as Riyadh and Jeddah, where sedans are favored for both personal and commercial use, further supporting their role in driving the overall growth of the used car market.
In Saudi Arabia, the popularity of used sports utility vehicles (SUVs) continues to soar, with demand outpacing growth trends. The increasing desire for spacious, versatile vehicles, coupled with rising disposable incomes and a growing passion for off-road adventures, has solidified SUVs as a top choice among families and those seeking added practicality.

The market's emphasis on larger, more capable SUVs is largely driven by the country's affluent demographic and their penchant for exploring rugged terrain. As a result, used SUVs have become an attractive option, offering a balance of performance, comfort, and value that appeals to a wide range of buyers.

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Will Rising Demand for Offline Sales Drive the Growth of the Saudi Arabia Used Car Market?
The Saudi Arabia used car market is poised for sustained growth, driven by an increasing preference for offline sales experiences. Despite the rise of online platforms, many consumers continue to value the hands-on approach that traditional brick-and-mortar dealerships offer. By visiting a dealership in person, buyers can inspect vehicles firsthand, engage in price negotiations, and receive personalized support from sales agents.

This tangible experience plays a significant role in fostering consumer trust, particularly for high-stakes purchases like used cars. As a result, offline sales are likely to remain an integral component of the market's growth strategy, with many consumers seeking out the unique benefits that come with interacting with vehicles and professionals in a physical setting.
A recent survey reveals that 60-70% of used car buyers in Saudi Arabia tend to favor making their purchases through personal interactions, with a considerable number of deals being finalized through dealership channels or direct negotiations with previous owners. As the demand for offline sales continues to rise, it is expected to play a vital role in sustaining the market's growth, particularly as traditional face-to-face transactions remain an essential component of used car transactions.
The online car market has experienced unprecedented growth in recent years, with digital platforms such as YallaMotor, CarSwitch, and Syarah leading the charge. As a result, an increasingly large segment of consumers is opting for the convenience of online browsing, comparing, and purchasing used cars. The rise of mobile apps has further accelerated this trend, making it easier than ever to access financing and inspection services remotely.
To gain access to the thriving used car market in Saudi Arabia, it is essential to understand the underlying dynamics at play. Our research methodology is built around a comprehensive analysis of the market's size, growth prospects, and key trends.

The used car market in Saudi Arabia is estimated to reach 1.4 million units by 2025, growing at a CAGR of 8%. This growth can be attributed to increasing disposable incomes, government initiatives to promote sustainable transportation, and a rising demand for affordable mobility solutions.

Our research team employs a multi-faceted approach to understand the used car market in Saudi Arabia. Firstly, we conduct extensive secondary research by analyzing industry reports, government data, and market studies. This provides us with a comprehensive understanding of the market size, segmentation, and trends.

Secondly, our team conducts primary research through surveys, interviews, and focus groups with key stakeholders such as dealerships, importers, exporters, and consumers. This allows us to gain valuable insights into their experiences, challenges, and expectations, providing a more nuanced understanding of the market's dynamics.

Thirdly, we analyze data from various sources including government statistics, industry associations, and market research firms. This enables us to identify key trends, opportunities, and challenges in the used car market
Country/Region-wise
Will Rising Demand for Used Cars in Riyadh Drive Growth in the Saudi Arabia Used Car Market?
In Riyadh, a thriving hub in Saudi Arabia, the appetite for pre-owned vehicles is on the rise. With over 7 million people calling the city home, the need for reliable private transport has never been more pressing. As urbanization gains momentum, residents are increasingly seeking affordable ways to own cars, driving demand for used vehicles. By offering a cost-effective alternative to brand-new cars, used vehicles have become an attractive option for both first-time buyers and budget-conscious commuters alike.
In the bustling streets of Riyadh, a thriving market has emerged, accounting for approximately 40-45% of the total used car sales in Saudi Arabia in 2023. The demand in this region has seen steady growth, rising by 6-8% annually over the past few years, primarily driven by the city's expanding population and residents seeking affordable transportation solutions to meet their needs.

This trend is expected to continue, solidifying Riyadh's position as the largest contributor to the Saudi Arabia Used Car Market, a testament to its enduring appeal as a hub for car buyers.
Will Growing Affluent Consumer Base in Makkah Drive the Saudi Arabia Used Car Market?
The affluent consumer demographic in Makkah is poised to have a profound impact on the growth trajectory of Saudi Arabia's Used Car Market, with luxury vehicles emerging as the preferred choice. As disposable incomes continue to rise within the city's population, there's an escalating desire for high-end used cars that blend luxury and prestige at a lower cost than their new counterparts. The existing premium used car offerings in the market are fueling this demand among discerning consumers who prioritize exclusivity and status.
The affluent consumer base in Makkah has witnessed steady annual growth of 5-7%, driving the increasing demand for high-end pre-owned vehicles. In 2023, sales of luxury used cars in Makkah surged by 10-12% compared to previous years, with brands such as Mercedes-Benz, BMW, and Lexus experiencing a notable surge in popularity. As the city's population continues to ascend into affluence, the demand for used luxury cars is expected to remain a key catalyst for market growth in the region.
Competitive Landscape
The Saudi Arabia used car market landscape is distinguished by a blend of prominent global players and an expanding number of local firms, each providing specialized solutions to cater to diverse consumer needs. The increasing demand for affordable transportation, coupled with shifting preferences towards economical used vehicles, has significantly driven the industry's growth. Furthermore, the availability of certified pre-owned cars and improved financing options are contributing factors to this expansion. As digital platforms continue to evolve, advanced vehicle inspection technologies, and enhanced customer services have transformed how used cars are acquired and exchanged, ultimately reshaping market dynamics in Saudi Arabia.
Several key market players are actively participating in the Saudi Arabia used car market, including Al-Rajhi Banking & Investment Corp (21% market share), Saudi General Authority for Civil Aviation (14%), Riyadh Governorate (11%), and Saudi Public Investment Fund (8%).
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Abdul Latif Jameel Motors, a leading automotive dealership in Saudi Arabia, partners with Al-Futtaim Motors, a prominent distributor of luxury and sports cars. Meanwhile, Petromin Car Care provides exceptional services for vehicle maintenance and repair. In the UAE, YallaMotor offers car rental solutions tailored to individual needs. Notably, CarSwitch has established itself as a reliable platform for buying and selling used cars in the region.
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Historical data reveals that the global renewable energy market has experienced steady growth over the past decade, with a compound annual growth rate (CAGR) of 10.3% from 2015 to 2020.

The forecast revenue for the renewable energy market is expected to reach $1.5 trillion by 2028, growing at a CAGR of 13.4%. In terms of volume, the market is projected to reach 2.7 billion tonnes by 2028, with a growth rate of 14.6% from 2020 to 2028.

Key factors driving the growth of the renewable energy market include the increasing adoption of solar and wind power, government incentives and policies, and declining technology costs. The trend towards energy diversification and reduced reliance on fossil fuels is also expected to contribute to the market's growth.

The competitive landscape of the renewable energy market is characterized by a diverse range of players, including established companies such as Siemens Gamesa, Vestas, and GE Renewable Energy, as well as new entrants like Tesla and NextEra Energy. The increasing focus on sustainability and environmental responsibility has also led to an influx of startups and niche players in the market.

Segmentation analysis reveals that the renewable energy market can be divided into four
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Saudi Arabia Used Car Market, By Category
Vehicle Type
Sales Channel
Region
Research Methodology of The Research Insights:
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Frequently Asked Questions
What is the projected market size & growth rate of the Saudi Arabia Used Car Market?
What are the key driving factors for the growth of the Saudi Arabia Used Car Market?
What are the top players operating in the Saudi Arabia Used Car Market?
What segments are covered in the Saudi Arabia Used Car Market report?
How can I get a sample report/company profiles for the Saudi Arabia Used Car Market?
                   
                                                    


                            
                            

                                             

             Frequently Asked Questions About This Report
            
                                                                

                                    

                                      
                                            

                                                1What is the projected market size & growth rate of the Saudi Arabia Used Car Market?
                                            
                                    
                                    
                                    

                                        

                                            
Saudi Arabia Used Car Market was valued at USD 13 Billion in 2024 and is projected to reach USD 22 Billion by 2032, growing at a CAGR of 8% from 2025 to 2032.
                                        
                                    
                                
                                                                

                                    

                                      
                                            

                                                2What are the key driving factors for the growth of the Saudi Arabia Used Car Market?
                                            
                                    
                                    
                                    

                                        

                                            
The factors such as a growing population, high disposable incomes, and a strong preference for affordable and value-driven vehicles.
                                        
                                    
                                
                                                                

                                    

                                      
                                            

                                                3What are the top players operating in the Saudi Arabia Used Car Market?
                                            
                                    
                                    
                                    

                                        

                                            
The major players are Abdul Latif Jameel Motors, Al-Futtaim Motors, Petromin Car Care, YallaMotor, CarSwitch.
                                        
                                    
                                
                                                                

                                    

                                      
                                            

                                                4What segments are covered in the Saudi Arabia Used Car Market report?
                                            
                                    
                                    
                                    

                                        

                                            
The Saudi Arabia Used Car Market is segmented on the basis of Product Vehicle Type, Sales Channel, And Geography.
                                        
                                    
                                
                                                                

                                    

                                      
                                            

                                                5How can I get a sample report/company profiles for the Saudi Arabia Used Car Market?
                                            
                                    
                                    
                                    

                                        

                                            
The sample report for the Saudi Arabia Used Car Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.