Hyundai Launches New Certified Pre-Owned Car Showroom
News: Al Majdouie Hyundai, the sole distributor for Hyundai cars in Saudi Arabia , has launched its certified pre-owned showroom in Damman, reports Trade Arabia. The company aims to expand its presence and continue to improve the residual value of Hyundai cars in the country, according to a company statement. The company's used cars will come with a 1 year/20,000km additional warranty above the original manufacturer's warranty. The cars offered at the new showroom will be less than four years old and will undergo a full history check to guarantee that the stated mileage is correct.
BMI View: BMI believes that a manufacturer-backed second-hand vehicle programme could benefit from Saudi Arabia's new import age restrictions for used vehicles, assuming that most vehicles will be imported. The stringent tests that vehicles are subjected to in order to be eligible for a carmaker's certified programme mean that the vehicles are likely to be newer.