Saudi Arabia registered over one million vehicles for the first time in 2024, with 1,000,201 recorded by December 2024³. The kingdom aims to produce 300,000 vehicles annually, creating 27,000 jobs. Toyota led sales with 225,743 vehicles, followed by Hyundai (144,970), Kia (57,223). Nissan (47,063) and Suzuki (44,679) completing the top five. Ford and GM recorded 41,446 and 29,046 registrations, with GM gures including GMC and Chevrolet.

Chinese brands performed well, led by Changan (25,884), Geely (19,899), and SAIC Motors (19,144). Great Wall Motors registered 12,556 units, followed by Jetour (9,569), Chery (9,555), and GAC (8,400).

Valued at $19.72 billion in 2023, Saudi Arabia’s automotive market is projected to reach $74.74 billion by 2032 at a CAGR of 16.13%⁴. The government has invested $5 billion in domestic production, partnering with Lucid Motors and Hyundai…