Portuguese Auto Market in May 2020 crumbled again, reporting just a shy improvement from April, as some business activities were allowed to restart. Indeed, in May 5.741 units were registered (-74.7%), leading Year to Date figures to 53.648 (-37.8%).Portuguese Auto Market in MayAlthough on May 2 the State of Emergency was cancelled and from May 4 the country entered in the first phase of easing restrictions – with small street stores reopening – the Portuguese auto market was still struggling in May. Moreover, on May 18 several business activities were allowed to restart but the car market reported only a shy improvement from April’s sales drop.Indeed, in May 5.741 units were registered (-74.7%), leading Year to Date figures to 53.648 (-37.8%).Brand-wise, Mercedes impressed in May (-46.5%) reaching the top of the monthly ranking and 13.2% of share, while Opel and Fiat kept free-falling, slipping out from the year-to-date Top 10 ranking. Post Covid19 Market TrendIn order to slow down the spread of the virus, most European countries have imposed lockdowns to various degrees. Portugal’s national lockdown started on March 19. All non-essential businesses were closed to customers, and as a result the auto market collapsed by 57.4% in March with 10.594 sales, ending the Q1 at 45.155.In April the Country was under Covid-19 lockdown all through the month and car sales plummeted 87% with 2.749.Medium Terms Market TrendThe financial crisis in the 2008/2009 hit Portugal and the Portuguese automotive industry more than any other country in Europe, a part Greece and the market lost over 75% of pre-crisis volume in three years.However, since 2012 the economy started to recover and was followed by the auto industry, which scored 6 years of growth from 2012, when a negative peak of below 100.000 units was hit, and 2018, when car sales were 225.825. In 2019 the market pushed the brakes, ending the year at 262.052 sales (-2.1%).In the first two months of 2020, the market held a flat trend, with year to date February sales at 34.561.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.
“You have to remember that in today’s world GDP is a very poor measure of economic health”
Thursday October 29, 2020
Lately I’ve been reading Detlev’s book, Paper Money Collapse. In particular I found the chapter on cryptocurrency and the chapter on solutions to the global monetary debt crisis to be extremely clear and practical and informative. This online interview he did with ValueWalk was also quite good. I’ve shared a few of my favorite excerpts […]
What You May Need to File a Car Accident Injury Claim
Wednesday November 18, 2020
While on the road, the least of your expectations should be a car accident. Car accidents happen every day, caused by several factors, including bad roads, careless driving from other parties, drunk driving, or other causes. Any car accident needs to be looked into carefully for compensation. Whether it’s you who caused it or the […]
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