The UAE recorded 318,981 vehicle registrations in 2024, a 15.7 per cent increase from the previous year, an industry report said.
Saudi Arabia also surpassed a significant milestone last year, exceeding 1 million vehicle registrations for the first time, with Toyota leading sales at 225,743 units, the report by AutoData Middle East, a subsidiary of World Automotive Group (WAG), said.
The report also showed that Chinese automakers are continuing to grow their market share in both the UAE and KSA, with MG, Jetour, Geely, GAC, and Changan leading the rankings in consumer interest.
“This signals a shift in buyer confidence toward competitively priced, feature-packed alternatives,” the report said.
It said Jetour, for example, captured three per cent of the UAE market, with its T2 model securing the 8th position and a 1.7 per cent market share, the data showed.
In Saudi Arabia, Jetour recorded 9,569 unit sales, joined by strong performances from Changan, Geely, and SAIC Motors.
“Overall, Chinese brands are reshaping market dynamics in GCC, with vehicle inquiries rising by 77 per cent in late 2024, signalling a stronger foothold in the used car market,” AutoData Middle East said, citing data from VehicleReport.me.
The data also revealed that 86 per cent of users are buyers, while 14 per cent are sellers.
Among buyers, 75 per cent prefer GCC-spec vehicles, which are specifically designed to withstand the region’s climate and conditions, the report said.
Popular models among buyers include the Toyota Camry, Corolla, Nissan Patrol, and Altima.
AutoData Middle East said the 2024 UAE & KSA used car market report underscores the region’s dynamic shift towards enhanced consumer trust and varied industry strategies in the automotive sector.
From the growing demand for transparency in vehicle history to the surge in Chinese car brands and the acceleration of hybrid and EV adoption, the region’s automotive industry is poised for continued evolution, it said.
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