The credit disbursed in KSA Car Finance Market is expected to grow to ~SAR 70 Bn by 2026F, driven by entry of women drivers and increasing employment opportunities: Ken Research

Buy Now KSA Car Finance Market is in the growing stage, being driven by banks and NBC’s along with introduction of Fin-Tech companies and online personal loan aggregator platforms. Major entities in the market are Banks and Captives that are 70-80 years old offering variety of financing services. Increase in Private Entities: The Government stake…

KSA Car Finance Market is in Growing Stage, Driven by Banks and NBFCs along with Introduction of Fin-tech Companies

Buy Now Entry of women drivers in 2018-19 period led to a boost in Car financing in 2019. The credit disbursed market fell and experienced a downfall in 2020 due to factors like Covid outbreak and semiconductor chip shortage. Automotive sales were also affected by higher shipping costs in 2021 as prices of shipping containers…

KSA Car Finance Market is expected to grow at 11.7% over 2021-2026: Ken Research

Buy Now Focus On Embracing Digitization, New Government Policies under Vision 2030 and Entry of Women in the market are major factors contributing towards development of Car Financing in KSA. Growth of Online Platforms: The last decade has witnessed the entry of various online auto classified platforms in the country such as Carnab and Motary.…