Tanzanian Vehicles Market is falling down in the 2020. The already negative trend in place has been enhanced by Covid19 economic effect. Following a 12% lost reported for the first quarter, in April and May sales fell down 85%.Economic EnvironmentThe fallout from the Covid-19 pandemic seems to be taking its toll on the economy in the second quarter, after growth likely remained robust in the first quarter of the year.Following healthy export growth in Q1, the external sector will be suffering in Q2, as the pandemic has extinguished foreign demand for merchandise exports while tourist arrivals all but dried up amid travel restrictions and widespread lockdowns.Domestic activity seems to have held up better thus far this year, as the government refused to implement a statewide lockdown, although investment activity and household spending are likely to falter in Q2 amid soaring sentiment.Market TrendFollowing the negative score reported in the previous year, in the 2020 the new light vehicles market in Tanzania is really negative.The sentiment was already negative before the arrival of covid29, with first quarter closed with sales down 12%. Covid19 effects was to push down sales by over 85% both in April and May with year to date May figures still below the 1.000 units.The recovery will be slow as the economic measures put in place by the government will not be much useful to help.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.
Latin America. In Q1 auto sales fell 7.2%
Monday April 27, 2020
Americas Automotive Market in the first quarter of 2020 reported a robust loss, hit by the Coronavirus outbreak. Indeed, in March huge declines were registered for Brazil, Chile and Colombia, dragging the Q1 down 7.2% with 1.26 units sold.The post Latin America. In Q1 auto sales fell 7.2% appeared first on https://focus2move.com.
Argentina 2020. Best selling cars ranking. The top 50
Thursday June 18, 2020
Argentina Best Selling Cars ranking in May 2020 was still led by the Toyota Hilux – on top since the start of 2018 – followed by the best selling car in car in Latin America, the Chevrolet Onix. The star of the year is the Volkswagen T-Cross, entering the Top 10.While the Argentine new vehicles market […]
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