Kuwaiti auto market in 2020 falls by 21% as the pandemic and the fall in oil prices affect sales. Full-Year sales have been 88.930, while MG enters the leaderboard by jumping 5 spots and reports the best performance (+33.8%).
Market Trend
The Kuwaiti car market has been hit in 2020 by the world-wide COVID-19 pandemic and by the fall of oil price in the international markets, which have impacted sales significantly.
After starting the year with a very slight negative trend (-1.7%), the market quickly collapsed in March as the virus struck, followed by the quick fall of the oil price. The sharpest drop in sales this year was in May when sales declined by 83.5%.
The market recovered quickly in the following months, and even reported growth in August (+5.5%). The only month in the second half of the year to report double-digit losses is November (-11.5%).
Indeed, Full-Year sales for 2020 have been 88.930, reporting a decline of 21% compared to 2019.
Brand-wise, this year the leader Toyota (-19.6%) gained 1.1% market share, followed by Nissan (-33.6%), which lost 1.5% share and registered the worst performance in the leaderboard, and Chevrolet which lost 0.2% share, falling 24.1%. Kia remained in 4th place and lost 30%, followed by Mitsubishi which lost 25.4%.
Lexus fell in 6th place and lost 5.4%, followed by Ford (-5.6%) -up 2 spots- and Honda (-15.6%). Closing the leaderboard we have Hyundai -down 3 spots- losing 26.4% this year and MG entering the leaderboard by jumping 5 spots and registering the best performance (+33.8%).
The most sold vehicle this year remains the Toyota Land Cruiser (-0.7%) with 6.651 units sold, followed by the Toyota Prado (-23.1%) registering 4.945 new sales this year. The Toyota Camry (-17.2%) closes the podium and reports 4.723 new units sold.
Tables with sales figures
In the tables below we report sales for top 10 Brands and top 10 models.
