Cambodian Auto market reported a very strong May following the end of activities shutdown and is now projecting a recovery after the huge loss suffered in March/April for anti-covid19 restrictions.Economic EnvironmentThe economy is currently deteriorating due to the Covid-19 fallout and restrictions to curtail its spread. The all-important apparel industry is reeling from falling demand from key western markets and a lack of imports of raw materials from China amid supply-side disruptions. In addition, the general collapse in international travel is hammering the crucial tourism industry; air passengers were down by more than 90% in April, according to official estimates. The nascent hydrocarbon industry is being hit as well, as the crash in oil prices is prompting delays in the development of the Apsara offshore oil field.Market TrendCambodian vehicles market continue to be full of contradiction and request for changes in the current rules were raised by all key players, while the renovated political victory of the President Hun Sen has not produced effects while postponing the adoption of more logic limits to the import of new and old vehicles rules.Indeed, together with Laos, Cambodia is the only country within the ASEAN without a clear policy against the import of pre-owned old, high polluting, low safety vehicles and the tax reform applied in 2017, which increased the duties for new vehicles import, has penalized the local distributors which increased price freezing a potentially high demand and creating wide space for trading from Japan or others ASEAN countries.In 2020, the steady start of the year was followed by sale slump in April, when the market was closed for covid19 counteractions. However, from the business restart in May, demand was almost positive with May ended with 2.823 units, well ahead of the previous year, projecting the market at a strong recovery in the second half of the year.The current leader, Ford, which has grown from 8.9% of share in 2010 to 26.8% in 2019, is followed by Toyota and, with some surprise, Mazda, which is the fastest growing brand in the country.Tables with sales figuresIn the tables below we report sales for top BrandsThis content is for members only. Visit the site and log in/register to read.
Italy. Strong demand for individual mobility pushes post-covid market recovery
Friday June 05, 2020
Italian Auto Market has progressively recovered during May, after the re-start of commercial activity. The demand grew up during the month with people visiting dealership pushed by the search of a new “individual” mobility. Total sales have been 100.385, down 49.3%.Market trend in MaySince Covid-19 stroke Italy earlier than most of the other European countries, […]
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 Italy. Strong demand for individual mobility pushes post-covid market recovery appeared first on Celadon Saigon.