Emirates Automotive Market in March was hit by a sharp drop, while several restrictive measures were imposed in the Country, in order to contain the spread of the Coronavirus. Indeed, new car sales dropped down 26.5% in March at 16.423, ending Q1 at 54.934 (-8.8%).The post UAE. Vehicle market down 26.5% in March appeared first on https://focus2move.com.
Iraq. Following previous years fast growth, sales stuck in Q1 2020 by covid19 spread
Thursday June 11, 2020
Iraqi Cars Sales recovery ended in the first quarter 2020 after over doubling in the previous three years. The covid19 pushed March sales down 50% with Q1 down 11%. The market outlook is now very negative with the 2020 projected down 27%.Medium term market directionIraqi automotive industry was the second largest in the Middle East – after […]
Philippines. Following the April & May fall, 2020 sales are projected to 330k
Wednesday June 10, 2020
Philippines Vehicles Market is in the worst quarter of its history and after April sales were reported close to zero, May sales declined over 80% due to the slow dealers and local plant re-start after the prolonged shutdown, due to covid19 counteraction decided by the government. Our forecast for the 2020 at 330k units is […]
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