Uruguayan Vehicles Market recovered only moderately in May 2020, compared to the April’s sharp drop, despite the relatively low impact of the Coronavirus on the country. Indeed, in May registrations were at 1.386 – down 44.2% from the previous year – leading Year to Date sales to 10.039 (-18.3%). Suzuki outpaced the market (-29.6%), thanks to the S-Presso.Uruguayan Vehicles Market in MayAfter the large drop in April (-54.4%), the Uruguayan market reported only a moderate improvement. Indeed, despite the relatively small number of confirmed cases during the Coronavirus pandemic, the car market struggles to recover.Indeed, in May registrations were at 1.386 – down 44.2% from the previous year – leading Year to Date sales to 10.039 (-18.3%).Brand-wise, the leader Suzuki performed better than the market (-29.6%), consolidating the leadership thanks to the S-Presso, while a Chevrolet collapsed 82.6%.Post Covid19 Market TrendIn Uruguay, in order to slow down the spread of the virus, containment measures were imposed in mid-March while major restrictions on movement were introduced at the end of the month.As a result, the Car market dropped down 23% in March with 2.304 units sold, ending the Q1 at 7.861 (-10%).In April, the market reported a sharp loss (-54.5%) due to anti-covid19 restrictions, with sales at 1.131.Medium Terms Market TrendUruguayan vehicles market in recent years declined from the record established in 2013, with 56.220 light vehicles sold to the 44.285 units reported in 2016. However, in 2017 the market reported a robust performance ending the year at the second best result ever, with 54.948 units (+25.4%).In 2018 the market was heavily negative, ending with registrations at 43.815 and in 2019 marked the lowest annual volume of the entire decade, with 40.482 sales (-7.3%).However, in 2020, according to the Asociation del Comercio Automotor del Uruguay, the market was still declining, with Year to Date February sales at 5.557.Tables with sales figuresIn the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models.This content is for members only. Visit the site and log in/register to read.
Philippines. Following the April & May fall, 2020 sales are projected to 330k
Wednesday June 10, 2020
Philippines Vehicles Market is in the worst quarter of its history and after April sales were reported close to zero, May sales declined over 80% due to the slow dealers and local plant re-start after the prolonged shutdown, due to covid19 counteraction decided by the government. Our forecast for the 2020 at 330k units is […]
Brazil. Vehicle market KO in May (-75.8%)
Wednesday June 10, 2020
Brazil Vehicles Market was almost frozen in May, as the vast majority of car dealers were closed due to a worsening health crisis. Indeed, registrations in May stopped at 56.663 sales (-75.8%), leading Year to Date figures to 640.950 (-25.3%).Brazilian Vehicles Market in MayBrazil is close to becoming the new global centre of the Covid-19 […]
The post Philippines. Following the April & May fall, 2020 sales are projected to 330k appeared first on Celadon Saigon.