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Belarus 2020. Geely boomed 41% in a market down 13.9%

Belarus vehicles industry Following the rapid growth reported in the previous three years, in the 2020 the Belarusian automotive industry was hit by the effects of Covid19 and reported negative data both in Q1 and Q2. Geely boomed 41% surging in third place.Economic EnvironmentThe economy contracted for the first time in over three years in Q1 2020, following a healthy expansion in Q4 2019. Industrial production fell markedly in Q1, which, coupled with shrinking merchandise exports in January–February, spearheaded the overall contraction. On a slightly more positive note, an acceleration in retail sales in Q1 suggests consumer spending has held up reasonably well despite a depreciating ruble, as the government resisted growing international pressure to impose lockdown measures and kept the economy largely open for business. Turning to Q2, the economic backdrop seems to have worsened further: Despite the absence of strict restrictions, both household spending and investment activity likely tanked in April on deteriorating sentiment as the number of confirmed Covid-19 cases ballooned.Market TrendFollowing the rapid growth reported in the previous three years, in the 2020 the Belarusian automotive industry was hit by the effects of Covid19 and reported negative data both in Q1 and Q2.In the first half 2020 sales have been 27.153, losing 13.9% from the correspondent period last year.The market leader was again Lada with 5.735 sales (-35.0%).In second place, Renault lost 20.9% with 4.498 units while the third, Geely sold 4.350 units, booming 41.1%.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.

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