Yemen Cars Market in 2019 kept improving with an outstanding pace. Indeed, the Full-year ended with registrations at 8.532, booming 63.1%. Toyota dominated with 95% of market share, up 68.4% from the previous year.
The government and southern separatists renewed their commitment to the Riyadh Agreement in January, which was signed by both parties late last year. The agreement is designed to end their power struggle in the country’s south, which involves the return of government officials to Aden and the placing of separatist forces under government control.
The terms of the deal are currently being implemented, although the slow pace of implementation is cause for concern. Less positively, in the west of Yemen, Houthi rebels recently banned the use of newly-printed government bank notes in areas under their control, holding up payments to tens of thousands of civil servants and pensioners while causing wide-ranging transaction problems.
Yemeni vehicles market collapsed in the past years. From the 14.696 vehicles sold in the 2013 the industry dropped to only 3.025 in the 2016, before to show a little recovery in the 2017, mainly in the second half, with 3.938 units. In 2018 improved for the second consecutive year, ending with sales up 37.8% at 5.231units.
In 2019, the market started kept improving with an outstanding pace. Indeed, the Full-year ended with registrations at 8.532, booming 63.1%.
Brand-wise, Toyota dominated with 95% of market share, selling 8.072 units, up 68.4% from the previous year.
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