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Denmark. Kia gains 13.5% while the market falls again 35.3%

Danish Auto Sales in May reported just a marginal improvement from the previous month, after registering one of the best European trends in April. Actually, the Danish market lost 35.3% in May with 11.499 units sold, leading Year to Date figures to 72.431 (-27.5%). Kia was the only positive Top 20. Norwegian Auto Market in MayContrary to the trend registered by the majority of European countries, the Danish market did not manage to much improve from April, similarly to Sweden, the Netherlands and Norway, which have actually worsened. Indeed, after losing “just” 37.1% in April – one of the best European performances – the vehicle market has almost registered the same trend in May.Actually, the Danish market lost 35.3% in May with 11.499 units sold, leading Year to Date figures to 72.431 (-27.5%).Brand-wise, Kia was the only positive Top 20 brand in May, improving 13.5% from the previous year.Post Covid19 Market TrendIn order to slow down the spread of the Coronavirus, most of European countries have imposed lockdowns to various degrees. Actually, Denmark has been one of the first European countries to introduce lockdown restrictions, starting from March 13.Due to these early measures, in March the car market was hit by a huge loss (-42.3%) with 15.184, ending the Q1 at 48.860 (-26.3%).In April, the market has improved, registering one of the best European trends, with It was just yesterdayDanish vehicles market experienced five years of consecutive records since 2012 with the sales peak reached in 2016 when car passenger’s sales have been 223.154 and light commercial vehicles 36.882. Then in 2017 and 2018 the market marginally lost terrain, while, under the expectations of car park renewal for the introduction of new hybrid and electric vehicles models, in 2019 hit a new all-time record with 224.208 sales (+2.6%).However, in 2020, the market started on a very negative tone, with year to date February sales at 33.676 (-15.7%).Tables with sales figuresIn the tables below we report sales for all Brands, top 10 Manufacturers Group and Top 10 models.This content is for members only. Visit the site and log in/register to read.

Iceland 2020. Car market starts recovering in September (-14.9%) while Skoda plummets 66.2%
Wednesday October 07, 2020

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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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