Argentina Auto Sales showed a shy sign of revival in May, as national lockdown measures ended on May 10, leading to a 47.4% monthly drop at 15.039 units and Year to Date sales to 88.991 (-43.3%). Impressive performances scored by Ram, JAC and Isuzu.Argentina Auto Market in MayAfter reporting an awful performance in April, the Argentinian car market showed a shy sign of revival in May, as national lockdown measures ended on May 10, except for the urban area of Buenos Aires. Indeed, registrations fell down 47.4% in May with 15.039 units sold, leading Year to Date figures to 88.991 (-43.3%). This was a great improvement compared to April (-90.1%), but the market is still suffering, considering that in May 2019 it reported a 58% drop.Brand-wise, in May, Ram (+66.2%), JAC (+17.6%) and Isuzu (+300%) impressed, while Fiat gained the 4th position in the Year to Date May ranking, overtaking Chevrolet.Post Covid19 Market TrendIn response to the Coronavirus outbreak, on March 20 the Government enforced one of the strongest lockdown measures in the World, imposing the closure of factories, dealerships and registration offices for the automotive industry.As a result, in March the new vehicles market plummeted by 51.3% with 15.287 units sold, closing the Q1 at 70.955 (-38%).In April, national lockdown measures were held, forcing car dealerships closure for the entire month. The Automotive Registries were allowed to reopen on April 22 to process registrations. Indeed, registrations plummeted 90.1% in April at 2.997.Market medium terms trendArgentina vehicles market in the last decades surfed on waves with sudden falls followed by sharp recovery. The current record was established in 2013 with 923.000 sales, before to fall down at 630.000 in 2015 and start the recovery.A rapid expansion was driven by the implementation of the new National Automotive Plan, sponsored by the Prime Minister, called One Million Plan, aiming to double sector employment in 5 years booming export and domestic demand. The election of Macri’s government, while changed the economic policy, gave new expectations and then boost to the sector, which grew both in 2016 and 2017. Indeed, in 2017 the market hit the second best results ever, with 892.739 sales (+29.8%).However, the last three years, the market has been disappointing, as sales dropped 11.5% in 2017, while in 2019 the huge economic crisis hardly hit the new vehicles demand and the market felt down during all the year ending with final score below the half-million units, with the worst performance in the last 15 years.In the first two months of 2020, according to the data released by the ACARA and the ADEFA, registrations held an awful trend, with year-to-date sales February at 55.709, down a disappointing 33% from the previous year.Tables with sales figuresIn the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 ModelsThis content is for members only. Visit the site and log in/register to read.
Laos. Auto Market looks ready to a second half rally
Saturday June 27, 2020
Laos vehicles sales is one of new fastest growing in South Asia, following the rapid development of the economy. The car park is growing each year with an impressive speed, while the quota related to the new vehicles changes accordingly with the policy applied towards the import of used vehicles.Economic EnvironmentThe Covid-19 pandemic and associated lockdown […]
Kazakhstan 2020. In May Ravon shone while the market immediately rebounded 20.7%
Wednesday June 24, 2020
Kazakhstan Vehicles Market went back on track in May, scoring an exceptional performance, while quarantine restrictions ended on May 11. Indeed, 7.141 units were sold in May, up 20.7%, pulling Year to Date figures on a positive trend (+4%) at 25.547. Ravon stood out thanks to the Nexia R3.Kazakhstan Vehicles Market in MayKazakhstan ended the […]
The post Kazakhstan 2020. In May Ravon shone while the market immediately rebounded 20.7% appeared first on Celadon Saigon.
The post Laos. Auto Market looks ready to a second half rally appeared first on Celadon Saigon.