Motory.com is the largest online used cars marketplace in the Gulf countries, the website also shares useful information about the automotive market to its users to help them chances of buying or selling a used car. Recently Motory.com released an info graph of the Saudi auto market stats and figures during the first half of the year 2014.
Motory infographic states: “Saudi Arabia Vehicle Market at Record First Half but Clouds Are over the Future”, the states of affairs till the end of June 2014 exhibited that the Saudi market had enjoyed a period of growth in the auto market during the first half of the year, according to Motory the Saudi auto market had a record first half sales this year, selling 412,921 vehicle during the first 6 months of 2014, which represents 5.7% increase year over year. Despite the upward momentum, market trends and experts foresee a slowdown during the other half of the years from July 2014, the main reason for its downturn according to Focus2Move the recent instabilities in Syria and decreasing oil prices which has been a major driving force behind the growth in the recent years will cast a shadow on sales for the second half of this year.
Furthermore it is being predicted that the year 2015 will also see stagnant growth but market conditions are expected to improve in the year 2016. This information will be a key consideration for future planning for automobile seller in Saudi Arabia, due to the gap in the supply and demand used cars prices are expected to drop for the next one and a half year but buyers may be able to benefit from the situation.
According to the statistics mentioned in the Motory Infographic the automobile brands that enjoyed the most growth in sales in the Saudi Arabia was the Japanese car brand Toyota, which despite recent recalls was able to maintain a high level of sales. Honda and Nissan came in the second and third place, respectively.
To view the info graphic in English, please visit: http://www.motory.com/en/news/saudi-auto-market-info-graph-443/ and for the Arabic version of the same can be viewed at: http://www.motory.com/news/saudi-auto-market-info-graph-443/
Motory.com is an advanced auto-trading website in the Saudi market and the largest online used cars sales portal in the Gulf countries for buying and selling used cars, vans and trucks.
For more information, please visit: http://www.motory.com/en/