Omani vehicles market in March 2021 reverses the negative trend of the previous months. In fact, 8.399 units have been sold in March (+31.7%), leading Q1 sales at 21.732 (-12.1%). The undiscussed leader Toyota grows effectively this month (+76.5%).
Market Trend in March
In March, the Omani vehicle market reports a trend reversal and grows again compared to the first two months of the year. Indeed, 8.399 units were sold in March 2021 (+31.7%), leading Q1 sales at 21.732 sales, a 12.1% decrease in sales compared to 2020.
Brand-wise, the leader Toyota grew 76.5% this month followed by Nissan which lost 40.6%. The best performance on the leaderboard was reported by MG, which increased sales almost tenfold.
Medium-Term Market Trend
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 January 2021 the market started the new year on a negative tone with 6.011 units sold, a 29.8% decrease compared to the previous year, and it remained down significantly in February, with 7.322 units sold (-25.3%).
Tables with sales figures
In the tables below we report sales for top 10 Brands and top 10 models.
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