Mauritius vehicles market in 2020 reports considerable losses as the pandemic influences sales. Indeed, 5.041 units were sold Year To Date August, losing 25.3% compared to last year. Nissan (-24.5%) remains the leader, closely followed by Toyota (-22.9%).
Real GDP growth was moderate yet steady, averaging 3.8% during 2015–19. Growth was mainly driven by financial services, retail and wholesale trade, and information and communications technology.
The accommodative monetary policy of the Bank of Mauritius has been widely considered appropriate in view of recent low inflation. Fiscal policy was expansionary over 2015–19: government spending is dominated by recurrent spending, but the public wage bill is increasing, and a more generous universal pension scheme has been introduced. Spending has been offset by a rise in revenues, driven by strong tax collection.
Youth unemployment is 22.5%, and national unemployment is 6.9%. The rapid shift from labor-intensive sectors to emerging high value-added sectors requires higher skills. Inequality has recently been on the rise.
Market Trend Year To Date
In Mauritius 5.041units have been sold until August 2020, reporting a loss of 25.3% compared to last year. This negative trend in the market reflects the impact of the pandemic in the region, where infections started had a peak between February and March.
Brand-wise, Nissan remains the leader while matching the market average (-24.5%), closely followed by Toyota, losing 22.9%, and by Kia, losing 31.6%. The worst top 10 performance was registered by Mazda, losing 32.4% sales, while Volkswagen registered the greatest gains, with a 69% increase.
Medium Terms Market Trend
Mauritius vehicles market in recent years has been characterized by unstable sales registrations, as after 2015’s decline, it immediately recovered in 2016 breaking the 9.000 units threshold. However, in 2017 the market fell down again 4.2%. In 2018, the market signed a record – soaring 23.1% – with registrations at 10.351.
In 2019, the vehicle market further improved, hitting the new All-time record. Indeed, Full-year registrations have been 10.660, up 3% from the previous year.
In Q1 2020 2.554 units were sold, an 18.9% decrease compared to last year, illustrating an already contracting market. Subsequently, in the First Half of the year, the market was hit by the COVID-19 pandemic, leading First Half figures to 5.071 units with a loss of 45.6%.
Tables with sales figures
In the tables below we report sales for the Top 10 Brands
Russia Autos Market Report 2010-2025
Saturday October 10, 2020
Russia Autos Market Report 2010-2025 features historical data and insights plus professional forecast on new vehicles sales by type, manufacturer, brand and model providing an easy-to-use picture of current and future competitive landscape. Research Contents Focus2move Automotive Market Reports provide a comprehensive and extensive overview about this market including information on the cars and light commercial market size, […]
This content is for members only. Visit the site and log in/register to read.
Hungary Autos Market Report 2010-2025
Saturday October 10, 2020
Hungary Autos Market Report 2010-2025 features historical data and insights plus professional forecast on new vehicles sales by type, manufacturer, brand and model providing an easy-to-use picture of current and future competitive landscape. Research Contents Focus2move Automotive Market Reports provide a comprehensive and extensive overview about this market including information on the cars and light commercial […]