Saudi Arabia: Car sales exceed 11 countries

The car market in Saudi Arabia has exceeded the repercussions of Corona, and sales jumped by 14.23% on an annual basis, and recorded 291,383 cars in the first half of this year, compared to sales of 254,261 cars during the same period of 2020. It also grew by 7.2% during the second quarter compared to sales in the first quarter of this year. At 150,752 cars. The sales of the period exceeded the sales of 11 Arab countries combined during the first half.Quarterly growth

While car sales in Saudi Arabia declined by 12.2% over the past year, according to a recent report issued by the American “F2M” agency specialized in car market research, sales in the Saudi market grew during the second quarter by 7.2%, equivalent to 10,121 cars, and recorded 150,752 cars compared to 140,631 cars in the first quarter of this year, and the Kingdom accounted for 33.04% of the total sales of Arab countries amounting to 456.243 thousand cars during the second quarter of 2021.

First Quarter

In the first quarter of this year, Saudi Arabia reached 140,631 cars, compared to sales of 2020, which recorded 140,771 units, with a slight decrease of 0.1%. Toyota ranked first in the list of the best-selling car brands in Saudi Arabia during the first four months of this year, from January to the end of April, after the Japanese manufacturer managed to sell and deliver 50.9 thousand cars, capturing a market share of 26.9% of total sales. Passenger cars in the Kingdom.

annual growth

Car sales in Saudi Arabia during 2020 recorded about 470,000 cars, a 13% decrease compared to 2019, amid expectations, according to the Dutch “ING” research institution, that they will grow by the end of this year to 512,300 cars, with a growth rate of 9%, equivalent to about 42,300 cars, as it is the largest new car market. and used in the area.

2015 sales

According to the results of the first half sales, the Saudi market may approach 2015 record levels after the Saudi market achieved the highest rate of car sales over the past 15 years in 2015, selling 830,100 cars, according to the data of the International Automobile Manufacturers Association (OICA), which estimated the growth of total sales of the market Cars in Saudi Arabia during 2019 increased by 31% to 528,883 cars, compared to their sales volume during 2018, which recorded 403,857 units.

Saudi acquisition

Focus to Move agency’s report pointed out that the Saudi market has acquired a share of 34.1% of the sales of Arab countries, surpassing Egypt 15.1% and the UAE 12.3%. Saudi Arabia’s share of Arab market sales exceeded the share of 11 Arab countries combined, which together accounted for 33.7%: Morocco 10.8%, Kuwait 6.2%, Iraq 4.6%, Oman 4.6%, Tunisia 3.4%, Qatar 2.5%, Jordan 2.1%, and Bahrain 1.6% Algeria 1.3%, Lebanon 0.7%, and finally Yemen 0.5%.

Car sales in Saudi Arabia during two quarters

First quarter = 140,631 cars

Second quarter = 150,752 cars, change 7.2%, increase 10,121 cars

The Saudi market share of total car sales in the Arab countries

Market share 2020 = 39.2%

2021 market share = 34.1%

Sales volume 2020=254.261 cars

Sales volume 2021 = 291.383 cars

Annual change 14.6%

Sales development in 5 years

2017 = 500 thousand and 601 cars 2018 = 403.875 cars 2019 = 528,833 cars 2020 = 470,211 cars 2021 = 512,300 cars «forecasts»

Shares of Arab countries in sales of the first half

Saudi Arabia 34.1% = 291.383 cars

Egypt 15.1% = 128,829

UAE 12.3% = 105.138

Morocco 10.8% = 91.923 Kuwait 6.2% = 53.369 Iraq 4.6% = 39.286 Oman 4.6% = 38.901 Tunisia 3.4% = 29.194 Qatar 2.5% = 21.674 Jordan 2.1% = 17.935

Bahrain 1.6% = 13.664

Algeria 1.3%=11.102

Lebanon 0.7% = 5978

Yemen 0.5% = 4270

Total 100% = 854.047