Yemeni vehicle market in 2023 grew sustained a massive boom. YTD figures at 12,085 are up 45.9% from the previous year. Toyota holds 73.4% of the country’s market share.
Market Trend and Outlook
Yemen’s light vehicle market in 2023 grew hugely by 45.9%, totalling 12,085 sales. December grows for the 14th consecutive month, with new sales at 1,263 (+18.0%).
Looking at cumulative data up to December 2023 brand-wise, the leader Toyota reports a 24.8% growth in sales while holding 66.0% market share, followed by MG with 22.5% market share. Lexus gains 1 spot into 3rd with 61.3% more sales compared to the prior year.
