Kuwaiti Vehicles Market in 2019 the market kept recovering with moderation. Full-year registrations in 2019 have been 114.605, growing (+6.6%) and the 2020 outlook is again moderately positive. Toyota held over 30% of market share while all other players stand well below.
Economic Environment
Kuwait economic stagnated in Q3 according to recent data. The oil sector contracted sharply, due to over-compliance with OPEC+ production cuts.
While this decline was broadly offset by a large expansion…