4Sale’s Used Cars Year in Review 2024
The Kuwaiti used car market, valued at USD 1.55 billion in 2024, is poised for significant growth, reaching an estimated USD 2.26 billion within the next 5 years.
This surge is fueled by several key factors: the increasing availability of high-quality used vehicles, a substantial expatriate population, rising disposable incomes, and a growing preference for SUVs and luxury cars.
This report provides a comprehensive analysis of the used car market on 4Sale, exploring the total number of listings, market share distribution based on listings, the most popular car models, and more.
Total Used Car Listings on 4Sale
In 2024, used car listings on the platform increased by 7%, indicating a growing demand for used cars in Kuwait. Now, let’s take a closer look at the top 20 used car brands based on the number of listings.
Top 20 Used Car Brands by Number of Listings
Toyota leads the listings share with 20.6%, followed by Chevrolet at 11.7%, and Nissan and Ford at 8.6% and 7.4%, respectively. Together, these 4 brands account for nearly 50% of the total car listings on 4Sale platform.
Ranking 5th, GMC has a share of 6.9%, with Mercedes right behind at 6.6%, Lexus at 6.5%, and Land Rover at 4.9%. BMW follows with 4.6%, while both Dodge and Kia each hold a share of 3.1%. Additionally, Porsche stands at 2.5%, with Mitsubishi and Jeep both at 2.4%, and Hyundai at 2.1%.
Top 10 Listed Car Models
Toyota is represented by 3 models in the top 10: the Land Cruiser at 24%, the Toyota Prado at 8.6%, and the Toyota Camry at 7.9%. Together, these three models account for 40% of the total car models listed in the top 10.
Nissan Patrol holds second place with 14.3%, while Chevrolet features two models: the Chevrolet Tahoe at 11.1% and the Chevrolet Silverado at 8%. GMC Sierra ranks sixth with 7.9%, followed by Lexus LX at 6.5%, Ford Pick-up at 5.9%, and GMC Yukon at 5.8%.
Electric Cars in Kuwait
The adoption of electric vehicles in Kuwait is gradually increasing, albeit from a low base. While the government has set ambitious targets for electric vehicle penetration, challenges remain. These include limited charging infrastructure, high initial costs compared to conventional vehicles, and a lack of widespread public awareness.
However, factors like falling battery prices, increasing availability of models, and growing government incentives are gradually driving market growth. Key initiatives like the Kuwait National Electrification Plan aim to accelerate this transition by expanding the charging network and promoting the benefits of electric mobility.
Autonomous Cars in Kuwait
The status of autonomous cars in Kuwait is in its early stages, with growing interest and initiatives to explore the potential for self-driving technology. While global advancements in autonomous vehicle technology continue to evolve, Kuwait faces unique challenges, including developing regulatory frameworks, adapting existing infrastructure for safe autonomous vehicle operation, and fostering public acceptance.
Government agencies and private companies are beginning to conduct research and pilot projects to assess how these vehicles can integrate into the existing transportation system. As the region embraces technological advancement, we can expect increased collaboration between stakeholders to pave the way for a future where autonomous vehicles could become a reality on Kuwaiti roads.
Thoughts on 2025
The used car market in Kuwait is poised for continued growth by 2025 due to several factors. One key factor is the rise of digital platforms like 4Sale, which has streamlined the process of buying and selling used cars, making it more accessible for both buyers and sellers.
Another important factor is that as economic conditions fluctuate, consumers are increasingly seeking cost-effective alternatives to new cars. This trend toward affordability is likely to drive greater interest in well-maintained used vehicles.
