The Saudi market is expected to reach 780,000 units in 2013
 

Saudi light vehicle market is expected to reach 780,000 units in 2013 (+ 12.5% compared to 2012), and constantly grow to one million units in 2017, a level comparable to the Spanish market. This is an emerging market with great potential, arriving just  behind the BRIC.


In 2013, passenger car sales are expected to reach 610,000 units , up 15 %, and light commercial vehicles to 170,000 units, up 5%. The total market would therefore reach 780,000 units.


This market is dominated by Toyota , which achieved 41.5 % of sales, followed by Hyundai-Kia (17.5% market share) and Ford (6.0% market share). These three companies account for two thirds of the market.


The country could also become a major regional production place over the next few years, if demand continues to grow. Representatives of the Ministry of Commerce and Industry met with representatives of GM , Ford and Chrysler, to discuss conditions of setting up local production sites.


Until now , the only plant located in Saudi Arabia is the Isuzu truck plant , whose annual production capacity is 25,000 units. The Tata Motors Group , via Jaguar/Land Rover is also planning to build a production plant (with a  50 000 units per year capacity).

 
13-43-1  

Contact us: info@inovev.com 

 

Inovev platforms  >
Not yet registered ?
By keeping on browsing, on this site, you accept the use of cookies and TCU (Terms and Conditions of Use) of Inovev site (www.inovev.com)
Ok