Market Share of Saudi Arabia Used Car Industry
The Saudi Arabian used car market is consolidated and led by global and regionally established players. The companies adopt strategies such as new product launches, collaborations, and mergers to sustain their market positions. For instance:
- In June 2023, Seera Group Holding’s car rental and leasing unit, Lumi Rental Company, announced the launch of its second used car sales showroom, further expanding its used car sales footprint in Saudi Arabia to meet strong demand.
Some of the major players in the market include Yalla Motor, CarSwitch, Halta2ee, SaudiSale, and Abdul Latif Jameel Motors.
Saudi Arabia Used Car Market Leaders
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Yalla Motor
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CarSwitch
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Halta2ee
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SaudiSale
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Abdul Latif Jameel Motors
*Disclaimer: Major Players sorted in no particular order