Yemen Cars Market in March was significantly hit, as a result of national prevention measures to counter the Covid-19 threat. Indeed, sales down 9.3% in March with 548 units sold, ending the first quarter at 1.828 (-6.8%).
It was just yesterday
Yemeni vehicles market collapsed in the past years. From the 14.696 vehicles sold in 2013 the industry dropped to only 3.025 in 2016. However, since 2017 the market started recovery, signing three consecutive years of growth, with 8.532 sales (+63.1%) in 2019.
In the first two months of 2020, registrations kept growing with Year to Date February sales at 1.280, up 5.3%.
A new Era has arrived
Said this, a new era started in March for the entire World, due to the Coronavirus outbreak.
As a response to the growing threat of the virus, the Government the Houthis declared the suspension of international flights on March 15, while Yemeni officials also stepped up to battle against the threat from the coronavirus.
As a result, the car market in March fell down 9.3% with 548 units sold, ending the first quarter at 1.828 (-6.8%).