The COVID-19 crisis has had a harsh impact on Saudi Arabia’s automotive and aftermarket. In the last three months alone, new car sales decreased by 60% and footfall in car showrooms fell by 80%. A simultaneous drop in vehicle utilisation and miles travelled saw the average spend per vehicle decrease by 25%, periodic maintenance decrease by 75% and spare parts sales fall by 70%, leading to aftermarket job losses in the range of 10-30%.
This data was revealed by market research and advisory services firm Glasgow Research & Consulting recently in a webinar organised by Messe Frankfurt Middle East, the organisers of Automechanika Dubai.
