Oman’s Auto market in 2021 fell 0.5% with 74,381 sales, losing sales all year, except for Q2 due to the extremely low sales in Q2 2020. MG reports the best performance this year, gaining 102.5%.
Market Trend
The Oman car market this year was unable to recover effectively, reporting a positive performance only in Q2.
Omani vehicles market was one of the fastest-growing worldwide in the period 2003-2013 and at the end of a long series of annual all-time records, the market achieved a significant level of 213,000 sales in 2013.
Unfortunately, the economic crisis created by the fall of oil price in the international market and the persistently low level of this primary resource for the country economy severely hit the demand for consumers good, and the new vehicles market dropped down for the following 5 years, ending 2018 at 127,546 units, near 40% below the record.
Despite postponing the VAT introduction, the government has not been able to improve the economic trend, and even in 2019, the new light vehicles market has lost terrain. Indeed, Total sales in 2019 have been 111,608, down 12.5%
Due to the COVID-19 pandemic sales fell in 2020. In fact, 74,600 units have been sold, reporting a decline of 33.2% compared to 2019.
In 2021 the year started negatively for the Oman market, in fact, in Q1 21,495 units have been sold, reporting a 13.1% decrease in sales compared to Q1 2020, while in Q2 sales increased quickly, reporting a 115.3% increase in sales with 17,406 units sold due to the extremely low sales experienced in Q2 2020.
In Q3 17,936 units have been sold, reporting a decrease of 8.4% sales, and in Q4 sales were 17,544 (-21.4%).
Indeed, Full-Year sales for 2021 have been 74,381, reporting a 0.5% decrease compared to 2020.
Brand-wise, this year the leader Toyota (+3.2%) gained 1.8% market share, while in second place we have Nissan (-29.6%), which lost 7.1% share, followed by Hyundai -up 2 spots- which gained 1.3% share, gaining 32.8%. MG –up 3 spots- reached 4th place and reported the best performance by rising 102.5%, followed by Lexus which fell 2 spots and fell 12.6%.
Isuzu gained 36.4%, followed by Kia (-24.8%) -down 3 spots-, and Mitsubishi which gained 27.2% sales. Closing the leaderboard we have Mazda gaining 23.8% this year and Honda -up 1 spot- in last place gaining 17.7%.
The most sold vehicle this year is the Nissan Sunny (+16.7%) with 10,920 units sold, followed by the Toyota Hilux (+47.3%) registering 10,717 new sales this year. The Toyota Land Cruiser P/U (-20.1%) closes the podium and reports 6,092 new units sold.
Tables with sales figures
In the tables below we report sales for top 10 Brands and top 10 models.
