Yemen Cars Market in the 2018 has improved 37.8%, signing the second year of growth in a row, ending with registrations at 5.231. Toyota has dominated the market with 91.6% of market share, closing with 4.794 units sold.
Economic Environment
The government and Houthi rebels agreed to a ceasefire in early December, brokered under the guidance of the UN. Both parties withdrew forces from the besieged port city of Hodeidah, which historically has brought most food and fuel supplies into Yemen and is currently a stronghold of the Houthi rebels. Another round of UN-backed talks is scheduled at the end of January, during which a framework for political negotiations is to be discussed.
This year the economy is expected to return to growth for the first time in six years, although this is primarily due to a miserably-low base effect.
Market Trend
Yemeni vehicles market collapsed in the past years. From the 14.696 vehicles sold in the 2013 the industry dropped to only 3.025 in the 2016, before to show a little recovery in the 2017, mainly in the second half, with 3.938 units.
In the 2018 has improved from the previous year. Indeed, this has been the second consecutive year of gain, ending with sales up 37.8%. The market has closed with registrations at 5.231.
Only sixth carmakers reported sales in the 2018 and Toyota holds 91.6% of market share with 4.794 sales.
Tables with sales figures
In the tables below we report sales for Top Brands
