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.
UK. Auto sales down 89% in May due to late anti-covid19 national response
Thursday June 11, 2020
British Vehicles Market in May reported one of the worst trends in Europe, as car dealerships weren’t allowed to reopen through the entire month due to late anti-covid19 response. Indeed, sales plummeted 89% in May with 20.247 units sold, leading Year to Date sales to 508.033 (-42.5%). British Vehicles Market in MayThe dramatic market trend in […]
Three Things to Consider While Getting a Car Title Loan
Tuesday June 23, 2020
A car title loan is a tempting option for those who need fast cash to get rid of high-interest debt, pay utility bills, or handle an emergency. No matter what situation pushes you to get this loan, it would be best to have an idea about something you need to obtain this loan. It’s time […]
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