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Saudi Arabia Autos Report Q1 2012 - Product Image

Saudi Arabia Autos Report Q1 2012

  • Published: January 2012
  • Region: Saudi Arabia
  • 39 Pages
  • Business Monitor International

FEATURED COMPANIES

  • Abdul Latif Jameel Group
  • Al-Hamrani
  • MORE

Sales of new vehicles in Saudi Arabia have shown steady growth since the slump precipitated by the 2009 financial crisis. BMI estimates that 2011 will have seen a 7.0% year-on-year (y-o-y) increase in sales in 2011, to a total of 688,883 units. We forecast the market will remain stable throughout the forecast period with growth hovering between 7.5-9.5% a year to the end of the forecast period in 2016, when annual sales should total over 1mn units a year. Throughout the period we forecast that the kingdom will record steady economic growth and vehicle ownership will open up to a wider portion of society.

Saudi Arabia is a leading market for high-value and prestige automobiles and although we expect this trend to continue, it is evident that there is growth at the other end of the new car market. In 2010, sales of new smaller cars increased by 25% and as the benefits of economic growth filter down to people in lower income levels, we expect to see this market to continue to grow. This may be aided by the recent government regulation banning the import of used car parts which came into force on November 26 2011. As used spare parts are taken off the market, the attraction of buying READ MORE >

Executive Summary
SWOT Analysis
Saudi Arabia Autos SWOT
Saudi Arabia Political SWOT
Saudi Arabia Economic SWOT
Saudi Arabia Business Environment SWOT
Global Overview
Regional Overview
Trade Data Confirm Regional Potential For Suppliers
Business Environment Ratings
Industry Forecast Scenario
Sales
Table: Saudi Arabia Automotive Sales
Table: Saudi Arabia Car Ownership
Macroeconomic Forecast Scenario
Saudi Arabia – Economic Activity
Competitive Landscape
Market Trends
Dealerships
Commercial vehicles
Production
Automotive Finance
After-Sales Business
Company Monitor
Company Profiles
Abdul Latif Jameel Group
Aljomaih Automotive Company
Al-Hamrani
BMI Methodology
How We Generate Our Forecasting Model
Sources

- Abdul Latif Jameel Group
- Aljomaih Automotive Company
- Al-Hamrani

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