Tanzanian Vehicles Market is falling down in the 2020. The already negative trend in place has been enhanced by Covid19 economic effect. Following a 12% lost reported for the first quarter, in April and May sales fell down 85%.Economic EnvironmentThe fallout from the Covid-19 pandemic seems to be taking its toll on the economy in the second quarter, after growth likely remained robust in the first quarter of the year.Following healthy export growth in Q1, the external sector will be suffering in Q2, as the pandemic has extinguished foreign demand for merchandise exports while tourist arrivals all but dried up amid travel restrictions and widespread lockdowns.Domestic activity seems to have held up better thus far this year, as the government refused to implement a statewide lockdown, although investment activity and household spending are likely to falter in Q2 amid soaring sentiment.Market TrendFollowing the negative score reported in the previous year, in the 2020 the new light vehicles market in Tanzania is really negative.The sentiment was already negative before the arrival of covid29, with first quarter closed with sales down 12%. Covid19 effects was to push down sales by over 85% both in April and May with year to date May figures still below the 1.000 units.The recovery will be slow as the economic measures put in place by the government will not be much useful to help.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.
Japan 2020. In June the market grew 6% ending the First Half down 8.9%
Friday July 24, 2020
Japan Auto Market in June 2020 grew by 6%, as the State of Emergency was already been lifted on May 25, allowing factories to reopen. Indeed, 477.105 units (including HCVs and Bus) were sold in June (+6%), ending the First Half to 2.334.565, down 8.9%.Market Trend in JuneAfter the Coronavirus emergency, which led new vehicles […]
Poland 2020. Volvo contains the losses (-3.1%) in market down 52.8% in May
Monday June 29, 2020
Polish cars sales in May 2020 reported a moderate improvement from April’s drop, while the number of Covid-19 cases kept surging. Indeed, 20.834 units were sold in May (-52.8%), leading Year to Date figures to 141.722 (-36.4%). Volkswagen plummeted 75.3% while Volvo was the best performer.Polish Car Market in MayWhile the number of total Covid-19 infections […]
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