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.
Cape Verde. Auto sales plummet 38.7% in sales Year to Date in August 2020 while Volkswagen soars 170%
Friday September 25, 2020
Cape Verde vehicles market in 2020 reports considerable losses as the pandemic influences sales. Indeed, 315 units were sold Year To Date until August, losing 38.7% compared to last year. Renault (-45.1%) remains the leader, closely followed by Toyota (-12.4%). Volkswagen was the best performer, soaring 170%. Economic Environment Cape Verde’s economic growth momentum remains […]
El Salvador vehicles market in 2020 suffers again in September, affected by the country’s second wave of infections. Indeed, 278 units have been sold in September (-58.4%), leading Year to Date sales at 4.180 units (-30.6%). Economic Environment Economic conditions likely remained downbeat in Q3, despite improving somewhat, after Q2’s record GDP contraction due to […]
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