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.
Inspired by a Qing dynasty poem
Monday November 09, 2020
I really enjoyed reading this poem, just something about the words and the flow of it. I decided to write my own – half a literal translation, and half something else. — 万里长城万里空 张廷玉 南来北往走西东, 人生杳杳在其中； 天也来空地也空, 换了多少主人公。 夜静听得三更鼓, 翻身不觉五更钟； 从头仔细思量起, 便是南柯一梦中。 一场辛苦一场空, 死后还归泥土中。 身归泥土气随风, 一片顽皮化臭胧； 在身置得万倾田, 死后只得三步地。 埋骨何须桑梓地, 人生无处不青山。 万里长城万里空, 百世英雄百世梦； 沉舟侧畔轻帆过, 病树前头万木春! — […]
Random inspiring and interesting quotes: “Hate hides behind the most righteous faces.”
Thursday November 12, 2020
Hate hides behind the most righteous faces. – Alice in Hellboy I’m a fan of the Hellboy franchise and the new Hellboy (2019) was better than I expected. Sometimes an injection of new faces is a great thing, and the new squad (of Hellboy, Alice, and Daimio) has real potential. Yeshua said, Know what is […]
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