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FINANCIAL NEWS
Used family car prices rise in Saudi Arabia
21 Jul 2013
(MENAFN) Prices of used family cars rose in Saudi Arabia in the last three weeks period. The increase hit 10 percent and is expected to keep rising to reach up to 20 percent, Arab New reported.
The rise in prices was cited to the Umrah season and the approaching Haj season as well as the new school year. This surge in used family car prices is seen regularly during this period of every year.
In an attempt to increase services given by car agents, the Saudi Ministry of Commerce and Industry asked US automakers to increase their business in the Saudi market.
Deputy Sales Manager at Suzuki Saudi Arabia Mahir Al-Nabawi expected that car sales in the Saudi market would go up to USD25 billion.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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