The automotive sector in the Kuwaiti market continued to emerge from the repercussions of the “Corona” pandemic during 2022, driven by an increase in sales of about 86 different brands present locally, by 13.4 percent between January and November.
Sales figures during 2022 reflected a high demand for new cars, in light of the many financial incentives that fueled this growth, including grants for retirees, and depositing the front-row reward for workers, in addition to allowing employees to cash their earned annual leave, even if this happened late, but some moved in the direction of buying a new car thanks to this scenario, which are factors that revived the movement of the auto sector, despite the decline in the production of global factories as a result of the continuing “semiconductor” crisis, which reduced the number of cars imported into Kuwait.
The statistics, of which a local Arabic daily obtained a copy, show that new car sales in Kuwait amounted to 102,629 vehicles during the first 11 months of this year, compared to 90,497 in the same period of 2021.
The figures show that last October was the best-selling in the current year, with about 11,378 modern vehicles sold, while January ranked last, with 7,025 new cars sold.
August ranked second with 10,613 cars, April third with 10,126 vehicles, while last June 9,880 new vehicles were sold to occupy fourth place, while November came fifth with 9,776 cars, compared to 9,470 in March, which came sixth, and 9,050 in February, seventh.
The month of May came in eighth place with 8,627 new cars sold, surpassing September, which came in ninth with 8,428 vehicles, and July, which came in tenth, with 8,248 new cars.
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