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Kuwaiti Vehicles Market was positive in the first half 2018 when sales increased 6.4% after a strong acceleration reported in Q1. However, delays in economic reforms could vanish current economic benefit taken by oil price rally. Toyota is market leader with near 30% of share.
Kuwait Car Market Report 2010-2017 features historical data and insights plus professional forecast on new vehicles sales by type, manufacturer, brand and model providing an easy-to-use picture of current and future competitive landscape.
Kuwait Auto Market in 2017 lost for the third year in a string suffering for low oil production and politically instability. The lost of 7.8% was marginally mitigated by year-end rush, before VAT introduction. Toyota is market leader ahead of Mitsubishi and Nissan.
Kuwait vehicles sales 2016 sharply down at lowest in five years hit by the economic recession and budget constrain. However, luxury segment grew up pushed by an astonishing performance by Mercedes.
Kuwait New Vehicles Sales collapsed in the first half hit by low private consumption despite the economy accelerated stronger than expected. All top brands reported down.
Kuwait Vehicles Market in Q1 2016 kept the negative momentum losing 13.4%. Following the last year rapid development the industry is stepping back involved in the economic negative outlook.
Kuwait Vehicles Market in 2015 was flat as the second half fell down hit by lower consumer's demand. Perspectives for the 2016 are negative. Toyota hits a new record sales with 33% of market share.
Kuwait Vehicle Market at All-Time record in the 2014, posting the third high in a row albeit this time the growth was really marginal. Toyota gained terrain on top of the list, while Geely is growing fast.
Kuwait Vehicle Sales at highest level ever in First Half 2014 with sales grew in double digit and projecting this year as the third annual record in a row. The market is sustained by strong economic factors and should keep this pace.
Q1 2014 Kuwait car market rose 16% ending the best first quarter sales ever and posting the 24th year on year winning month in a row. The market is energized by renovated competition following the recent entrance of low price Chinese brands.
In 2013, the Car market boomed in Kuwait posting the third yearly all-time record in a row, pushed by roaring domestic demand and strong GDP. See Top Brands and models ranking inside.
In first half 2013, the car market in Kuwait kept the momentum raising 13.6% from last year and posting the best ever half in its history. Toyota kept leadership with almost 30% of share, while Chrysler boomed thanks to the success on new 300C.
In Kuwait the car market is booming as in all the Arabic Gulf area. Following records posted in 2010 and 2011, the 2012 phenomenal growth was 35.4%, pushing the market up in the world's ranking, landing in 46th place.
The Kuwait car market posted in November the 8th year-on-year increase in a row, growing 43.0% and achieving the new all-time record volume. Year-to-date sales were up 36.5%. Toyota further improved the share with the Prado at 12% of share.
In September, the Kuwait car market posted the 6th year-on-year increase in a row, growing 27% from last. Year-to-date sales were up 39.4%. Both the Koreans Hyundai and Kia were growing share in the last month.
Kuwait's car sales were 12.108 in May 2012, posting a 35% increase from last year, confirming April performance after that March declined year-on-year. Year to date 2012 sales at 57.505 were up 21.1%. Toyota was recovering.