Kuwait car market: May 2012 up 35%. Toyota recovered at 30% share

Slightly, but not seriously hit by the Arab Spring, Kuwait has managed to prove again that it is able to tackle challenges, despite remaining headwinds. However, the positive Arab spring effect was to speed up the process to increase the democratic process and the Monarchy opening on investing in social healthcare and education.

While in the last two years the economy was supported by international tensions over crude oil prices, the 2012 GDP increase, estimated at 4.2%, should be affected by high public expense and internal consumer demand increase.

Therefore, the Kuwait’s car market momentum is carrying on toward a new all time record, as confirmed by the outstanding +35% performance reported in May. Focus2move.com forecast for the entire 2012 is for 134.000 units sold, up 19% from last year.

During the 2011, Toyota performance was penalized by flood in Thailand, with sales lost in its pick up models. However, year to date sales in May 2012 were particularly strong for the Japanese market leader with 16.727 units and 29.1% share, up 2.5 points of share from full year 2011. In May, Toyota with 4.281 sales achieved a share of 35.4%.

The second was Nissan, with 6.460 year-to-date sales in May and a share of 11.2%, up 0.4 points from last year. Third was Chevrolet, with 4.696 units and 8.2% of share. In May Chevrolet was second, ahead of Nissan.

While in the other countries of Golf Cooperation Council (GCC) area Japanese and Koreans are dominating, in Kuwait Chevrolet was third, Ford was 7th, GMC was 8th and the first European, Volkswagen, was 10th.

Lexus was the luxury segment leader, with 1090 sales year to date May and a share of 1.6%.

In the table below, the Top 15 Brands ranked for year to date position:

Rank

Brands

May

YTD May

2.011

May

YTD May

2.011

1

Toyota

4.281

16.727

29.756

35,4%

29,1%

26,4%

2

Nissan

989

6.460

12.133

8,2%

11,2%

10,8%

3

Chevrolet

1.073

4.696

10.614

8,9%

8,2%

9,4%

4

Mitsubishi

675

3.616

7.876

5,6%

6,3%

7,0%

5

Hyundai

914

3.486

4.922

7,5%

6,1%

4,4%

6

Kia

777

3.380

7.829

6,4%

5,9%

7,0%

7

Ford

531

2.838

5.826

4,4%

4,9%

5,2%

8

GMC

399

1.974

5.044

3,3%

3,4%

4,5%

9

Honda

259

1.318

2.707

2,1%

2,3%

2,4%

10

Volkswagen

250

1.213

2.409

2,1%

2,1%

2,1%

11

Dodge

336

1.207

2.040

2,8%

2,1%

1,8%

12

Lexus

273

1.090

2.121

2,3%

1,9%

1,9%

13

BMW

196

898

1.777

1,6%

1,6%

1,6%

14

Mercedes

131

699

1.430

1,1%

1,2%

1,3%

15

Land Rover

97

433

678

0,8%

0,8%

0,6%

Looking at the best models,(we can provide them thanks to www.bestsellingcarsblog.com), the Toyota Prado was the best performer in the year to date ranking, selling 5.471 units, with a share of 9.5%. In May Prado share achieved the impressive 16.8% of the market.

Toyota Hilux was the second, with 2.874 sales and 5.0% of share, ahead of the Toyota Camry, with 2.188 units and 3.5% of share.

Nissan D22 in 4th position was the first non-Toyota model, followed by others two Toyota’s, the Land Cruiser and the Corolla.

Chevrolet Tahoe in 7th position was the first American model, followed, in 10th position, by the Ford Crown Victoria.

In the table below, the Top 30 best selling models, ranked by year to date position:

Rank

Model

May

YTD May

2.011

May

YTD May

2011 Ranking

1

Toyota Prado

2.038

5.471

5,1%

16,8%

9,5%

1

2

Toyota Hilux

558

2.874

4,9%

4,6%

5,0%

2

3

Toyota Camry

374

2.188

4,2%

3,1%

3,8%

3

4

Nissan D22

244

2.031

1,4%

2,0%

3,5%

15

5

Toyota Land Cruiser

432

1.898

2,8%

3,6%

3,3%

6

6

Toyota Corolla

263

1.381

3,0%

2,2%

2,4%

5

7

Chevrolet Tahoe

191

1.344

3,1%

1,6%

2,3%

4

8

Mitsubishi Pajero

129

1.328

1,8%

1,1%

2,3%

12

9

Ford Crown Victoria

139

1.076

2,0%

1,1%

1,9%

9

10

Hyundai Tucson

283

1.066

1,1%

2,3%

1,9%

20

11

Nissan Altima

145

998

2,6%

1,2%

1,7%

7

12

Chevrolet Silverado

201

950

2,1%

1,7%

1,7%

8

13

Nissan Patrol

132

913

1,1%

1,1%

1,6%

19

14

Kia Cerato

173

816

1,3%

1,4%

1,4%

17

15

Hyundai Sonata

119

755

0,6%

1,0%

1,3%

40

16

Dodge Charger

246

737

0,8%

2,0%

1,3%

27

17

Mitsubishi Lancer

138

734

2,0%

1,1%

1,3%

10

18

Nissan Sunny

91

721

1,4%

0,8%

1,3%

55

19

Honda Accord

114

670

0,9%

0,9%

1,2%

23

20

Chevrolet Caprice

162

589

0,8%

1,3%

1,0%

30

21

Ford Expedition

89

556

0,7%

0,7%

1,0%

39

22

Mitsubishi Galant

123

539

0,9%

1,0%

0,9%

25

23

Hyundai Elantra

236

514

0,7%

1,9%

0,9%

33

24

GMC Yukon

106

512

1,7%

0,9%

0,9%

14

25

Hyundai Accent

101

507

1,0%

0,8%

0,9%

22

26

Toyota Sequoia

92

487

0,5%

0,8%

0,8%

51

27

Chevrolet Traverse

131

462

0,8%

1,1%

0,8%

28

28

Chevrolet Captiva

73

461

0,9%

0,6%

0,8%

24

29

BMW 5 Series

123

454

0,7%

1,0%

0,8%

34

30

Kia Optima

67

410

0,6%

0,6%

0,7%

46

To be updated over this and other global countries, please subscribe to our free newsletter. Just click here.

(167)

In the spotlight

Laos Automotive Report 2010-2025

Laos Automotive Report 2010-2025 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.