Jordanian Vehicle Market in September 2023 grows for the 8th month this year, reporting 3,430 new registrations (+32.3%). YTD figures at 28,930 are up 12.4% from the previous year. MG up 275.8% enters the podium.
Market Trend and Outlook
The Jordanian Vehicle Market in September 2023 grows for the 8th months this year, reporting 3,430 new registrations (+32.3%). YTD figures at 28,930 are up 12.4% from the previous year.
Looking at cumulative data up to September 2023 brand-wise, the leader Toyota sold 10,533 vehicles (+12.1%) with a share at 36.4%.
In second place MG -up 3 spots- sold 4,957 (+275.8%) followed by Kia -down 1 spot- which grew 31.4% with 4,505 sales.
Hyundai fell 1 spot into 4th with 1,935 sales (-23.0%) followed by Nissan at 838 (-29.8%), Isuzu at 784 (+10.1%), Mitsubishi at 554 (-66.7%), Chevrolet at 544 (+29.5%), Suzuki at 542 (+28.4%) and in 10th place Mercedes at 528 (-21.5%).
Looking at specific models the Toyota Land Cruiser P/U is still the best seller despite falling 11.3% in year-on-year sales, followed by the Toyota Hilux up 31.3%.
Medium-Term Market Trend
The Automotive industry in Jordan grew up the first years of this century peaking in the 2014, when the all time record was achieved with 69.583 sales.
In the following years the progressively declined hitting a lower peak in the 2020, the year of the virus, with only 30.529 vehicles sold, less than the half of the record.
In 2021 the market was still shy and the recovery limited at 1.3% while in 2022 it boomed 26.7% to 36,901 total sales, the highest level in the last 5 years.
Next years perspectives are uncertain with economic outlook not positive and Levant area involved in international crisis with unpredictable effects.
Tables with sales figures
In the tables below we report sales for Top 10 Brands and top 10 Models.