GCC Vehicles Market. Data and Trend, 2012-2017

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GCC Vehicles Market
McLaren-Senna-2019

GCC Vehicles Market in the 2017 lost 17.8% falling at 1.1 million units, down 0.7 million from the 2015 all time record. The region will keep suffer in the 2018, when customer price increase generated by VAT introduction will penalize vehicles and fuel prices. 

The Cooperation Council for the Arab States of the Gulf (Arabic: مجلس التعاون لدول الخليج‎), originally (and still colloquially) known as the Gulf Cooperation Council (GCCمجلس التعاون الخليجي), is a regional intergovernmental political and economic union consisting of all Arab states of the Persian Gulf, except for Iraq. Its member states are Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The Charter of the Gulf Cooperation Council was signed on 25 May 1981, formally establishing the institution.

common market was completed and fully operational on 1 January 2015 allowing full equality among GCC citizens to work in the government and private sectors, social insurance and retirement coverage, real estate ownership, capital movement, access to education, health and other social services in all member states. However, some barriers remained in the free movement of goods and services. The coordination of taxation systems, accounting standards and civil legislation is currently in progress.

GCC Vehicles Market in 2015 ended a long growing run with a record volume of 1.786.000 light vehicles sold. Then the economic crisis generated by the sharp fall of oil price in the international market hit the sector with annual volume declined in the 2017 at only 1.172.000 units, down  17.3% from the previous year.

Please note that Yemen is not in GCC, while is included in our report for geographical position.

Sales 2012Sales 2013Sales 2014Sales 2015Sales 2016Sales 2017Sales 2018 e
Bahrain46.69654.32362.23965.04249.80738.26035.264
Kuwait126.290154.635162.719162.402115.986106.913113.866
Oman202.740217.924214.896201.169158.490148.039154.842
Qatar83.91390.249100.12896.58172.94554.28051.259
Saudi Arabia691.942746.857821.635844.581715.472544.721496.605
UAE291.637342.524391.513408.252311.048276.081276.613
Yemen5.61514.6966.1768.6583.0253.9383.933
Total1.448.8331.621.2081.759.3061.786.6841.426.7731.172.2321.132.381

2012 Var2013 Var2014 Var2015 Var2016 Var2017 Var2018 var e
Bahrain50,0%16,3%14,6%4,5%-23,4%-23,2%-7,8%
Kuwait20,0%22,4%5,2%-0,2%-28,6%-7,8%6,5%
Oman20,1%7,5%-1,4%-6,4%-21,2%-6,6%4,6%
Qatar34,6%7,6%10,9%-3,5%-24,5%-25,6%-5,6%
Saudi Arabia16,4%7,9%10,0%2,8%-15,3%-23,9%-8,8%
UAE24,2%17,4%14,3%4,3%-23,8%-11,2%0,2%
Yemen23,8%161,7%-58,0%40,2%-65,1%30,2%-0,1%
Total20,6%11,9%8,5%1,6%-20,1%-17,8%-3,4%