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Reunion 2020. Market suffers (-11.8%), all top brands register losses but Renault (-0.8%) remains the leader

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Bermuda 2020. Kia’s leadership is reinforced in a market still down 27.8%
Friday November 13, 2020

Bermuda vehicles market in 2020 is still recovering slowly from the drop experienced in Q2 and July. Indeed, in September 102 units were sold (-14.3%), leading Year to Date sales at 773 units (-27.8%). Kia holds 27.3% share, followed in the distance by Toyota (15.9%). Economic Environment As with most islands, the major turning point […]

The post Bermuda 2020. Kia’s leadership is reinforced in a market still down 27.8% appeared first on Celadon Saigon.

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Bermuda 2020. Kia’s leadership is reinforced in a market still down 27.8%
Friday November 13, 2020

Bermuda vehicles market in 2020 is still recovering slowly from the drop experienced in Q2 and July. Indeed, in September 102 units were sold (-14.3%), leading Year to Date sales at 773 units (-27.8%). Kia holds 27.3% share, followed in the distance by Toyota (15.9%). Economic Environment As with most islands, the major turning point […]

The post Bermuda 2020. Kia’s leadership is reinforced in a market still down 27.8% appeared first on Celadon Saigon.

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Reunion island vehicles market in 2020 reports some losses as the pandemic influences sales. Indeed, 18.740 units were sold Year To Date until August, losing 11.8% compared to last year. All top brands register losses, Renault (-0.8%) remains the leader while registering the top 10 hold, followed by Peugeot (-8.6%). Ford reported the worst performance, losing 51.5%.
Market Trend Year To Date
In Reunion Island 18.740 units have been sold until August 2020, reporting a loss of 11.8% compared to last year. This negative trend in the market reflects the impact of the pandemic in the region, where infections started growing exponentially in August.
Brand-wise, in a market where all top brands are reporting losses Renault remains the leader while losing only 0.8% and registering the top 10 hold, followed by Peugeot, losing 8.6%, and by Citroen, losing 17.6%. The worst top 10 performance was registered by Ford, losing 51.5% sales.

“Artificial intelligence has the verbal skills of a four-year-old”
Sunday November 01, 2020

This was written in 2013. Over the decades it has become apparent that simply throwing more processor cycles at the problem of true artificial intelligence isn’t going to cut it. A brain is orders of magnitude more complex than any AI system developed thus far, but some are getting closer. And in the seven years […]

The post “Artificial intelligence has the verbal skills of a four-year-old” appeared first on Celadon Saigon.

Medium Terms Market Trend
Reunion automotive industry is a nice reality near to the African coast and in the last years is reporting continue improvements sustained by a healthy economy and stable politic and social environment. In the last six years market has grew up hitting in the 2018 another all-time record, with sales at 32.832 (+4.9%).
In 2019 33.419 units were sold, reporting a 2% increase in sales compared to the previous year, illustrating a stable market.
In Q1 2020 7.766 units were sold, a 5.5% decrease compared to last year, illustrating an already slowly contracting market. Subsequently, in the First Half of the year, the market was hit by the COVID-19 pandemic, leading First Half figures to 15.595 units with a loss of 23.3%.
Tables with sales figures
In the tables below we report sales for the Top 10 Brands

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