Market Share of Saudi Arabia Used Car Industry
Saudi Arabia Used Car Market is considered to be moderately fragmented, accommodating several leading players like Al Tayer Group, Al-Naboodah, Al-Futtaim group, SellAnyCar.com, Car switch, Yalla Motors, and other prominent players. While several key offline used car dealers are focused on adopting expansion strategies like collaborative agreements, mergers, acquisitions, etc. other new entrants are also encouraged to explore the market and are actively focused on fleet expansion, varied offerings, etc.
In December 2021, Car24 announced the investment of USD 400 million for its business expansion. The company is aiming to expand its business in Saudi Arabia, and in Southeast Asia over the period of next 12 months
Saudi Arabia Used Car Market Leaders
Arabian Auto Agency
YallaMotors
AlNabooda Automobiles
AlTayer Motors
Alfuttaim Group
*Disclaimer: Major Players sorted in no particular order
