Romanian car market in May 2020 managed to only marginally improve compared to the previous month. Indeed, 7.032 were sold in May, losing 45.1%, leading Year to Date sales to 38.931 (-31.3%). Hyundai is the star of the moment, gaining 5.5%.Romanian Car Market in MayAfter the 50.3% drop in April, the market has moderately improved in May as the “strict” state of emergency ended on May 15. In fact, although the Romanian market managed to somewhat contain the losses in the previous months compared to other European countries, the improvement in May was only marginal.Indeed, 7.032 were sold in May, losing 45.1%, leading Year to Date sales to 38.931 (-31.3%).Brand-wise, Hyundai is certainly the star of the month, gaining 5.5% in May while also Land Rover, Lexus and Tesla registered an improvement from last year. Despite the disappointing performance in May, Volkswagen held the podium in the year-to-date ranking.Post Covid19 Market TrendIn order to slow down the spread of the virus, most European countries have imposed lockdowns to various degrees. Indeed, similar to other neighbouring countries, on March 16 a state of emergency was declared in Romania, followed by a national lockdown on March 24.As a result, in March the auto market fell down 32.2% with 6.650 units sold, ending the first quarter at 27.973 (-21.9%).In April, registrations collapsed 50.3% with 4.317 units sold.Medium Terms Market TrendRomanian vehicles market was among the worst in Europe during the 2009 crisis, declining to a negative peak in 2013 with 57.710 car passenger’s sales. Then, the economic recovery pushed the market up with uninterrupted growth up to 2019 with 161.533 sales (+23.4%).In the beginning of 2020, according to data released by the Romanian Department of Internal Transportation, started on a negative tone. Indeed, Year-to-date February sales have been 21.323 (-18.1%).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.
Zambia 2020. Vehicle market plummets almost 60% in Year to Date September sales
Wednesday November 11, 2020
Zambian vehicles market keeps a very negative trend in 2020, with all brands reporting double-digit losses. Indeed, 119 units have been sold in September (-57.7%), leading Year to Date sales at 1.011 (-59.8%). Toyota dominates with 42% market share. Economic Environment Recently-released GDP data revealed that the economy contracted 2.1% in annual terms in Q2 […]
Paul Tudor Jones: A magical moment in a great documentary
Saturday November 21, 2020
The documentary is a fascinating and brief slice in the work life of Paul Tudor Jones, one of America’s all time great macro traders. There’s this one moment that really stands out to me, where Jones, after losing about 5% of his portfolio in a single terrible trading day (at that time, ~$6M dollars), says […]
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