Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of Saudi Arabia used car market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as increasing focus of automakers towards setting up used car networks in different parts of the country. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in this market. Methodology Followed forCalculation of Market Size: • Market Size By Value and Volume: Market size, in terms of value and volume, for the year 2020 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as used car suppliers, channel partners, market influencers & end users, industry experts, and other industry participants. • The team interviewed more than 45 – 50 used car suppliers, 45 – 50 channel partners, and 15 – 20 industry experts and other value chain stakeholders in Saudi Arabia used car market to obtain the overall market size for 2016-2020, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2016-2020. 9
Saudi Arabia Used Car Market Forecast 2026 Page 8 Page 10