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Australia 2020. Toyota resists (-24.8%) better than a market down 36.2% in May

Australia Vehicles Market in May still reported a steep decline, despite the number of Covid-19 have been drastically reduced.  Indeed, sales were 57.005 in May (-36.2%), leading Year to Date figures to 319.163 (-24.8%). Toyota outpaced the market in May, registering the best top 10 performance.Australian Vehicles Market in MayIn recent months, Australia has successfully managed to wrestle the spread of Covid-19 throughout the country, moving from being the 20th most-affected country as of March to the 71st position in the global ranking of total cases. However, despite the improving health situation, the vehicle market was still struggling in May. Indeed, despite the market has clearly improved from April’s performance, the fall in May is still very steep. Sales were 57.005 in May (-36.2%), leading Year to Date figures to 319.163 (-24.8%). Without considering April’s sales level, his was the lowest monthly volume in over 18 years.Brand-wise, the leader Toyota (-23.7%) managed to outpace the market trend in May, registering the best top 10 performance, while Holden dropped down 61.5%. Behind, MG, Ram and Haval surged in double-digits.Post Covid19 Market TrendAt the beginning of the Coronavirus outbreak, the Australian government has been slower in enforcing lockdown measures for non-essential businesses and imposing social distancing. Indeed, most of car dealerships were allowed to remain active through March.As a result, the light vehicle market drop was not dramatic, losing 17.7% with 79.828 units sold in March, ending the first quarter at 228.552 (-13%).However, in April the Country managed to radically lower the number of daily new infections to less than 30 per day. Car showrooms have remained open through April, mainly for repairs, but the activity did not halt fully like in most European countries, and new car sales fell down -49.2% to 37.189 units.Medium Terms Market TrendAustralian vehicles market (passenger cars+LCVs) has moderately expanded in the 2012-2017 time period. Indeed, annual car passenger’s sales grew from 1.072.000 in 2012 to 1.178.546 in 2017, with is the current all-time Record.However, in 2018 the market embarked on a negative pathway, reporting a 3.2% loss, while in 2019, mirroring the shy economic environment, registrations fell at the lowest volume since 2011.In the first two months of 2020, the Australian car market dropped down in double-digits. Indeed, according to data released by the Minister of Transportation and Infrastructures, year-to-date figures in February have been 148.724, down 10.2% from the previous year. Bushfires and the concerns related to coronavirus have worsened the environment.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 Autos Market Report 2010-2025
Saturday October 10, 2020

Hungary Autos Market Report 2010-2025 features historical data and insights plus professional forecast on new vehicles sales by type, manufacturer, brand and model providing an easy-to-use picture of current and future competitive landscape. Research Contents Focus2move Automotive Market Reports provide a comprehensive and extensive overview about this market including information on the cars and light commercial […]

Highlights from Layered Money by Nik Bhatia
Saturday February 13, 2021

An easy to read tour through the history and evolution of money types (from gold coins to today’s fiat paper notes), presented through a useful framework of money layers (that together form a pyramid). Amazon Kindle. Here are some of my favorite highlights (copied verbatim): — In the second century under the rule of Marcus […]

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