What is the current GCC Used Car Market size?

The GCC Used Car Market is projected to register a CAGR of 8.58% during the forecast period (2024-2029) Read More

Who are the key players in GCC Used Car Market?

Arabian Auto Agency, YallaMotors, AlNabooda Automobiles, AlTayer Motors and Alfuttaim Group are the major companies operating in the GCC Used Car Market. Read More

What years does this GCC Used Car Market cover?

The report covers the GCC Used Car Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the GCC Used Car Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

GCC Used Car Market - Size, Share & Industry

GCC Used Car Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The GCC Used Car Market Report is Segmented by Vehicle Type (Hatchback, Sedan, and Sports Utility Vehicle (SUV) and Multi-Purpose Vehicles (MPVs)), Sales Channel (Online and Offline), Vendor type (Organized and Unorganized) and Country (United Arab Emirates, Bahrain, Saudi Arabia, Oman, Qatar and Kuwait). The market size and forecast for GCC Used Car market are provided in terms of value (USD) for all the above segments.

GCC Used Car Industry Overview

GCC Used Car Market is considered to be moderately fragmented, accommodating several leading players like Al Tayer Group, Al-Naboodah, Al-Futtaim group, SellAnyCar.com, Car switch, Yalla Motors, and other prominent players. While several key offline used car dealers are focused on adopting expansion strategies like collaborative agreements, mergers, acquisitions, etc. other new entrants are also encouraged to explore the market and are actively focused on fleet expansion, varied offerings, etc.

In February 2022, Al-Futtaim Trading Enterprises, the official distributor of Honda in the UAE, launched its certified approved pre-owned program, providing customers the opportunity to purchase a pre-owned Honda with the same brand guarantee and high-quality service pledge as a brand-new Honda. With these appealing service plans, flexible in-house finance solutions, and competitive trade-in offers the approved pre-owned program offers appealing deals for aspiring Honda customers.