- 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).