Car Sales in Saudi to cross 1 million units in 2018
Posted by Karishma Bhalla on Sep 12, 2012
The Saudi automobile market value is set to swell to SR94 billion by 2013 as reported by AME Info. The kingdom remains fifth in the world for auto parts, service, accessories and garage equipment. Forcast predicts the continued lucrative expansion of the Middle East automobile market mainly for the luxury car sector. As reported in Zawya News, luxury car sector sales are expected to rise by 15 percent in 2012 compared to 9 percent in 2011 as the Specialized Systems for Exibitions and Conferences (EXCS) notes. Furthermore, there is an expected long-term demand for low-cost small family cars; as wealth increases at the lower end of the economic spectrum despite Saudi market been dominated by luxury high-end models.
Sponsored by the Saudi Private Aviation (SPA), The Luxury Motor Show scheduled for November 6-8 2012 in Jeddah will showcase the world's latest, most luxurious, exclusive and expensive cars for their discerning clientele. A few to mention cars to look out for include Rolls-Royce, Lamborghini, McLaren, BMW, Porsche, Aston Martin.