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MENAFN - Arab News - 11/01/2014
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(MENAFN - Arab News) Saudi nationals purchased 750,000 cars in 2013, according to a top trade official



"This is an increase of 6 percent from 2012," said Faisal Abu Shousha, head of the National Committee for Automobile Agents at the Council of Saudi Chambers (CSC)



He added that the increase was 15 percent in Bahrain and 14 percent in the United States



"Saudis buy Japanese cars as their first choice, followed by Korean and last, but not least, come the American cars," said Abu Shousha

According to him, Toyota's sales in the Kingdom accounted for 38 percent of the market share, followed by Hyundai (20 percent), General Motors (9 percent), Ford (7 percent) and Kia (6 percent)



Abu Shousha seemed to be more optimistic about the future of automobile market in Saudi Arabia. "I expect the number of cars sold annually to reach one million in 2020," he noted



Abu Shousha supprted the moves made by the Saudi Standards, Metrology and Quality Organization to curb imports of cars that are more than five years old. "It is a positive step that aims to stop the importation of bad cars," he added



He said vehicles in the current Saudi markets are good in quality and shape, which make the competition more intense in the after-sale services.

"Maintenance involves about two-thirds of the agent's investment," he said

 


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