Saudi Arabia Auto Market in the 2019 is rebounding following the lowest sales level in the decade hit last year. Indeed, in the first ten months of the year, sales have been 413.751, up 21.8%. While the leader Toyota keeps losing market share and is below the 30%, Mazda grew up in third place with an amazing escalade.
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.
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.