Saudi Arabia Auto Market grew 6.5% in May with 47.186 sales. The leader Toyota was hit by a large sales drop, while Hyundai reduces the gap, running at an outstanding pace. Stunning performance scored by Mazda, soaring 136%.
Saudi Arabia Auto Market underperformed any expectation in the 2018 hit by the VAT introduction and by a slower than expected economic recovery, with the price of oil dropped back again. Full year sales at 420.701 light vehicles felt down 22.8%.
Saudi Arabia Vehicles Sales Statistics in 2017 fell 23% hit by first recession since 1999, due to reduced oil output in compliance with OPEC’s agreement and reduced government support. This albeit December was pushed up by sales anticipating VAT introduction.
Saudi Arabia new vehicles registrations fell sharply in the second quarter of the year reporting the deepest lost since the 2008 and confirming that the last five years winning string is broken.
Saudi Arabia Cars Sales in Q1 2016 had been better than expected with the lowest lost among all the Gulf countries. Despite economic difficulties due to the oil sector, the lost has been moderate.
Saudi Arabia new cars sales hot again in the first half 2015 albeit fears for low oil price impact on domestic economy. The auto market scored the best first half ever at the end of 17th consecutive year on year growth.
In 2014 Saudi Arabia Vehicles Market was the 15th largest worldwide hitting a new sales record, the fourth in a row albeit sharp cut of crude oil international price. Amazing performances scored by Kia and Renault.
Saudi Arabia Vehicle Market at record first half while clouds are over next future due to the negative convergence of many factors, including global slower economy, fight to terrorism and the huge re-call campaign involving Toyota.
Q1 2014 Saudi Automotive industry rose 3%. Albeit this was the best ever first quarter for this market, local observers were disappointed by a lowered demand fearing for a possible data consolidation during the upcoming months.
In 2013 the Saudi Arabian light passenger vehicle market posted the third annual record in a row, despite a weak second half of the year. Toyota recorded over 300k sales while Ford advanced in third with over 50k and Geely jumped in 9th place.
In July, Saudi Arabia light passenger vehicle market rose 9.9% keeping the momentum, with year to date sales up 11.2% from last year. Hyundai gained space at Toyota achieving over 20% of share. Many positions behind, Nissan was able to double sales.
During the first half 2013, Saudi Arabia car sales kept the momentum and grew 11% from the previous year, pushed up by strong vehicles demand in low and mid class segments. Chinese brands are fast taking spaces, with Geely surged in Top 10 for the very first time.
Saudi Arabia Vehicles sales statistics report a new record volume hit in the year when sales rose a robust 18.5% from the previous year, first time above the 0.7 million units. The market now advanced as world’s twenty-first and the run in not over yet.
In October, the Saudi Arab light passengers vehicles market was down 1.3% from last year. The market progress in the first ten months of the year was 14.7%. Chevrolet posted a great month, gaining share while Ford had lost.