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.

How AI is Reshaping the Future of Saudi Arabia Used Car Market

• AI-Powered Valuation Tools: AI platforms like Motory in Saudi Arabia assess used car values using real-time data, improving accuracy by 25% and reducing buyer-seller disputes amid 1.5 million annual transactions.
• Predictive Maintenance Analytics: Machine learning forecasts vehicle issues for sellers, boosting trust by 30% on platforms like Haraj, aligning with Vision 2030's digital automotive push.
• Personalized Recommendation Engines: AI matches buyers with cars based on preferences, driving 20% higher conversion rates in Riyadh's $5 billion used car market.
• Fraud Detection Systems: Computer vision inspects photos for tampering, cutting scams by 35% in Jeddah's online listings, enhancing e-commerce safety.
• Smart Pricing Optimization: AI dynamically adjusts prices based on market trends, increasing seller profits by 15% during peak seasons in the Kingdom.

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Saudi Arabia Used Car Trends & Drivers:

Digital platforms fuel 40% of Saudi Arabia’s used car market growth, with apps like Motory and Haraj driving $5 billion in transactions through AI-powered listings. Riyadh and Jeddah lead, as Vision 2030 boosts e-commerce, increasing sales by 25% for 70% of urban buyers. This trend enhances accessibility, cutting transaction costs by 20% and aligning with 98% mobile penetration, positioning the Kingdom as a hub for tech-driven automotive retail amid rising demand.

Economic diversification and rising incomes drive 35% market expansion, with Saudi Arabia’s $852 billion infrastructure projects spurring vehicle turnover. Government policies, including $1 billion in automotive financing, support affordability, appealing to 60% of young professionals seeking reliable cars. The shift to non-oil sectors boosts fleet upgrades, with 80% of sales for SUVs and sedans, aligning with global trends and fostering growth in the $5 billion used car sector.

Urbanization and expatriate mobility propel 30% demand surge, with 1.5 million annual transactions backed by 7% growth. Saudi Arabia’s 4,700 projects and $2.8 trillion GCC wealth fuel needs for cost-effective transport, with 65% of purchases by expats and families. Unified trade policies ease imports, while platforms offering virtual inspections enhance trust, cementing the Kingdom as a key player in the regional used car market.

Saudi Arabia Used Car Industry Segmentation:

The report has segmented the market into the following categories:

Analysis by Vehicle Type:

• Hatchback
• Sedan
• MUV and SUV

Analysis by Sales Channel:

• Online
• Offline

Analysis by Vendor Type:

• Organized
• Unorganized

Regional Analysis:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Recent News and Developments in Saudi Arabia Used Car Market

• May 2025: IMARC Group projects Saudi Arabia used car market to reach USD 16.80 billion by 2033, exhibiting a 6.43% CAGR from 2025-2033, driven by demand for affordable transport among middle-class families and expatriates.
• June 2025: Mordor Intelligence reports the market expected to hit USD 6.87 billion in 2025, with SUVs & MUVs growing at 10.60% CAGR through 2030, fueled by digitalization and certified pre-owned demand.
• May 2025: Cartea Research highlights Toyota leading with 20.20% market share in February 2025 sales, as sedans dominate over 50% of transactions amid Japanese and Korean brand preference.
• April 2025: Focus2move notes Saudi used car sector benefiting from EV growth, with 33.5% H1 2025 increase in electric vehicle availability via local manufacturing like Ceer Motors partnerships.

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