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2025-08-05T10:28:14.000000Z
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Saudi Arabia Used Car Market Overview
Market Size in 2024: USD 9.60 Billion
Market Size in 2033: USD 16.80 Billion
Market Growth Rate 2025-2033: 6.43%
According to IMARC Group's latest research publication, "Saudi Arabia Used Car Market Size, Share, Trends and Forecast by Vehicle Type, Sales Channel, Vendor Type, and Region, 2025-2033", the Saudi Arabia used car market size was valued at USD 9.60 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 16.80 Billion by 2033, exhibiting a CAGR of 6.43% from 2025-2033.
Our report includes:
Grab a sample PDF of this report: https://www.imarcgroup.com/saudi-arabia-used-car-market/requestsample
Saudi Arabia Used Car Trends & Drivers:
One of the biggest factors fueling the Saudi Arabian used car market is the growing demand for affordable transportation, especially among the expanding middle class and the country’s large expatriate community. With the cost of new vehicles rising and household budgets tightening, more people are actively choosing used cars as a practical solution. Recent figures show that about 50% of Saudi consumers consider used vehicles for their cost-effectiveness, and over 700,000 car sales were recorded in a single year, a sizable portion of which were used models. Expanding urban populations, paired with greater access to personal mobility, are making pre-owned vehicles a go-to choice for families and young professionals alike.
Digital innovation is rapidly changing the game, making it easier than ever for buyers and sellers to connect across Saudi Arabia. Online platforms like Haraj attract over 8 million unique visitors monthly, and about one in four used car transactions now happen digitally. These sites put information, pricing comparisons, and even financing options right into the palms of consumers’ hands, boosting transparency and convenience. The user experience is getting a major upgrade too—features like vehicle history checks and at-home delivery are becoming the norm. This digital-first environment is driving reliable growth and opening new possibilities for both buyers and dealers, transforming a once complicated process into something refreshingly simple.
Certified pre-owned (CPO) programs are quickly gaining ground as buyers become more sophisticated and quality-conscious. These initiatives, which include thorough inspections, refurbishment, warranties, and after-sales service, are taking the fear out of buying used. In Saudi Arabia, over 12,000 CPO vehicles were sold in a recent year, with many buyers gladly paying a 12–15% premium for the added reassurance. Government regulations are supporting this shift too, with stricter vehicle inspection standards and incentives for organized sales channels, all aimed at boosting consumer confidence and maintaining safety. Major dealerships and manufacturers are investing heavily in these programs, reshaping how Saudis view and purchase used cars.
How AI is Reshaping the Future of Saudi Arabia Used Car Market
Artificial intelligence is shaking up the used car scene in Saudi Arabia, making the process smarter and more seamless for both buyers and sellers. Local dealers and online platforms are now using AI tools for real-time price estimation, instant vehicle valuations, and predictive analytics that help gauge true car value. Nearly 30% of digital car sales platforms in the Kingdom now rely on AI-powered features, from chatbots offering 24/7 customer guidance to systems that flag maintenance needs and suggest the right timing to buy or sell. Backed by the government’s multi-billion-dollar push for AI adoption as part of Vision 2030, plus major investment from companies like Lucid Motors, the market is becoming faster, safer, and more transparent for everyone involved.
Saudi Arabia Used Car Industry Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest Saudi Arabia used car market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
The report has segmented the market into the following categories:
Analysis by Vehicle Type:
Analysis by Sales Channel:
Analysis by Vendor Type:
Regional Analysis:
Recent News and Developments in Saudi Arabia Used Car Market
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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