Kuwaiti Vehicles Market in 2022 totals 119,855 sales, the highest in the last 7 years and a 12.9% increase from the previous one. December grows for the 9th month in a row, with 11,690 new registrations (+31.9%). MG jumps into 7th position.
Market Trend and Outlook
Following the sharp fall reported in 2020, (-22.6%) the light vehicles market re-gained momentum in 2021 rising 22% by the end of the year.
In 2022 the Kuwaiti Vehicles Market totals 119,855 sales, a 12.9% increase from the prior year. This is the highest level of sales in the last 7 years. The strong momentum is confirmed by December growing for the 9th month in a row, with 11,690 new registrations (+31.9%).
Looking at cumulative data from 2022 brand-wise, the leader Toyota at 40,817 sales is back above 34% market share and reports a 42.6% increase in registrations from the prior year. Chevrolet lags far behind in second with 8,970 sales grows 18.4% this year.
Nissan falls into 3rd position reporting 7,657 cumulative sales and a 32.7% loss from the previous year.
The rising star is the Chinese brand MG which gained 64.3% advancing into seven place with 4,645 sales.
Tables with sales figures
In the tables below we report sales for top 10 Brands and top 10 models.