Sales of New Cars In Saudi Arabia– Data, Trends, Charts & Analysis
Here you will find annual car sales figures for Saudi Arabia. These statistics are Total Market Volumes, which include passenger cars as well as light commercial vehicles (LCVs).
The figures below come from unconfirmed sources and can vary slightly from other data you may find elsewhere. Despite our best efforts to find the most reliable data, we can’t guarantee 100% accuracy, unless a specific source is mentioned below the table. Still, we’re confident the provided data is sufficiently indicative of the size and trend of the market to be published as such. If you have access to a confirmed source of Saudi Arabian car sales figures, including a split between Passenger Cars and LCVs, or data going back before 2005, please get in touch with us.
Saudi Arabia Automotive Sales Data & Recent Highlights
As you can see, the Saudi Arabian car sales market has been recovering in recent years. The market has been growing at an average annual growth rate of 6.8%.
There are a number of factors that have contributed to the recovery of the Saudi Arabian car sales market. These include:
The economic recovery: The Saudi Arabian economy has been recovering in recent years, which has led to an increase in disposable income.
The introduction of new incentives: The government has introduced a number of new incentives for car buyers, such as a reduction in VAT.
The increase in demand for SUVs: SUVs are becoming increasingly popular in Saudi Arabia, as they are seen as more practical and comfortable than sedans.
Despite the recovery, the Saudi Arabian car sales market is expected to face some challenges in the coming years. These challenges include:
The rise in inflation: Inflation is rising in Saudi Arabia, which could make cars more expensive.
The shortage of semiconductors: The shortage of semiconductors is affecting the production of new cars, making it difficult to import cars into Saudi Arabia.
The increase in used car prices: The price of used cars has increased in recent years, making them more affordable than new cars.
Overall, the Saudi Arabian car sales market is expected to remain positive in the coming years. However, there are some challenges that the market will need to address in order to maintain its growth.
Here are some of the trends in the Saudi Arabian car sales market:
The increasing popularity of SUVs: SUVs are becoming increasingly popular in Saudi Arabia, as they are seen as more practical and comfortable than sedans. In 2022, SUVs accounted for 57.7% of new car registrations in Saudi Arabia. This is up from 53.7% in 2021.
The growing popularity of electric vehicles: Electric vehicles are becoming increasingly popular in Saudi Arabia, as the government offers incentives to encourage people to buy them. In 2022, electric vehicles accounted for 2.9% of new car registrations in Saudi Arabia. This is up from 1.9% in 2021.
The increasing popularity of online car buying: More and more people are buying cars online in Saudi Arabia. In 2022, 15.0% of new car purchases were made online. This is up from 12.0% in 2021. The convenience and flexibility of online car buying are driving its popularity.
These are just some of the trends in the Saudi Arabian car sales market. The market is constantly evolving, so it is important to stay up-to-date on the latest trends.
Interesting Saudi ArabiaNew Car Sales Stats
Best Sales Year Volume: 672,300 units sold
Worst Sales Year Volume: 340,218 units sold
Average Sales Per Year: 471,229.9 units sold
Total Sales Units (since 2005): 8,482,138 units sold