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Finland. In May the market worsened (-53.8%) pulled down by low demand

Finnish cars market fall accelerated in May, despite the car dealerships activities continued during the Covid-19 crisis. Indeed, 4.871 vehicles were sold in May, reporting a 53.8%, leading Yead to Date sales to 38.302 (-11.4%). Kia, Mercedes and BMW outpaced the market.Finnish Cars Market in MaySimilar to other European countries we have covered so far, the Finnish market has worsened in May, after performing better than other neighbouring countries March and April. As in the Netherlands, in May sales’ fall have accelerated, despite a full-lockdown in the country was avoided and Covid-19 cases were somewhat contained.Indeed, 4.871 vehicles were sold in May, reporting a 53.8% year on year drop, leading Yead to Date sales to 38.302 (-11.4%). Since car dealerships activities were allowed to proceed during the crisis, the worsening economic condition might be the real reason behind this market drop.Kia signed the best Top 10 brand performance in May, losing “just” 29.1%, while also Mercedes (-38.1%) and BMW (-39.9%) managed to outpace the market.Post Covid19 Market TrendDespite the Government announced the state of emergency in the country as a result of the Coronavirus outbreak on March 16 – when most of the premises of schools, universities and government-run public facilities have been closed down – Finland did not undertake the type of severe measures which have been taken by other European countries, such as Italy, Spain or France.Indeed, this flexibility was clearly reflected in the March market trend, which reported just a 1.5% drop with 8.975 units sold, ending the Q1 at 27.659 units (-4.2%).In April the market dropped down 39.1% with 5.796 units sold.Medium-term market directionFinnish vehicles market has not yet recovered the pre-2008 crisis level. Since 2013 the market registered a shy but stable recovery, reaching a peak of 120.066 sales in 2018, thanks to the introduction of a scrap incentive scheme up to €2.500. However, ended the incentives, in 2019 the market dropped down at the level of 113.243 units (-5.7%).In 2020, the market started on the wrong foot, with Year to Date February sales at 18.684, down 5.4% 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.

Hungary 2020. Vehicle market further worsened in May (-54.4%)
Friday June 19, 2020

Hungarian Vehicles Market has worsened in May 2020, following a similar trend to the Netherlands, Finland and Sweden, after managing to contain the losses in the first months of the Covid-19 crisis. Indeed, the 6.472 units were sold in May (-54.4%), pulling Year to Date figures to 52.763 (-0.7%).Hungarian Vehicles Market in MayAfter managing to […]

Philippines. In March vehicle market plummeted 62.7%
Wednesday May 06, 2020

Philippines Vehicles Market crumbled in March, as a result of lockdown measures introduction in order to slow down the spread of the virus. Indeed, auto sales collapsed 62.7% at 14.000, ending the first quarter at 73.420 (-27.2%).The post Philippines. In March vehicle market plummeted 62.7% appeared first on https://focus2move.com.

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