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.
India. Best selling cars ranking in 2020
Friday June 12, 2020
India best selling cars ranking May in 2020 is currently led by Maruti Baleno, which gained two spots from the previous year. In second place, the 2019 leader Maruti Alto – holding 7% of share – ahead of the Swift. Meanwhile, the Kia Seltos is impressing, entering the Top 5.At May 2020, the Maruti Baleno […]
Tanzania 2020. Car Market lost 85% both in April and May
Sunday June 28, 2020
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 post Tanzania 2020. Car Market lost 85% both in April and May appeared first on Celadon Saigon.