The Kuwait used car market was valued at USD 1.55 billion in the current year and is projected to grow to USD 2.26 billion by the next five years, registering a CAGR of 6.5% in terms of revenue during the forecast period.
Several key players, such as Alsayer Group Holding, YallaMotor.com, Alghanim & Sons Automotive, Dubizzle Group, Al Babtain Group, and others, dominate Kuwait's used car market. The rapid expansion of online sales channels across the country is likely to witness major growth in the coming years.
For instance, in March 2022, Ali Alghanim & Sons, one of the leading car dealers in Kuwait, announced the sale of a 45 percent stake in the listing.
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