Yemeni vehicle market in 2022 toted 8,274 sales, a 2.3% loss from the previous year. December grows for the second month in a row, with 223 new registrations (+236.8%). Hyundai posted the best performance (+94.9%).
Market Trend and Outlook
Yemen’s light vehicle market in 2022 totaled 8,274 new sales, a 2.3% loss from the previous year. December grew for the second month in a row, with 223 new registrations (+236.8%).
Looking at cumulative data from 2022 brand-wise, the leader Toyota reports an 11.1% decrease in sales while holding 85.9% market share, followed by MG which holds 8.5% market share. Hyundai reported the best performance, gaining 94.9%.