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Iceland 2020. Car market starts recovering in September (-14.9%) while Skoda plummets 66.2%

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How to Make Your Car’s Tires Last Longer
Friday September 18, 2020

Whether you’re a proud owner of a new vehicle or thinking about replacing your current tires, making your sure they last longer is a prime concern – not only to save money but to make sure you remain safe on the road. A new set of tires typically lasts 5 to 7 years, or at […]

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Indonesia Autos Market Report 2010-2025 
Saturday September 19, 2020

Indonesia 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, market […]

The post Indonesia Autos Market Report 2010-2025  appeared first on Celadon Saigon.

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Icelandic cars market in September of 2020 recovers after previous month’s heavy drop. Indeed, in September sales have been 1.125, down only 14.9%. The market leader was still Toyota, but Tesla is quickly catching up. Skoda reported the worst top 10 performance, losing 66.2%.
Economic Environment
The economy shrank at a historic 9.3% rate in the second quarter, following the first quarter’s softer drop, according to preliminary data. The fallout was a direct consequence of the pandemic, and the global trade disruptions and travel restrictions that followed.
Turning to Q3, available data shows a recovery could be underway: Overnight stays continued to fall in August compared to the same period last year, although at a much slower pace than in June and July, reflecting the shorter mandatory quarantine period in place since mid-August in favor of tests for new arrivals.
Similarly, exports declined at a slower pace in August than in July. However, the unemployment rate rose in August after slowly decreasing since April’s peak, boding ill for private consumption ahead.
Market Trend Year in September
In Iceland 1.125 units have been sold in September 2020, a loss of “only” 14.9%, a great recovery compared to the previous month (-56.6%), leading Year to Date sales at 7.380 units (-41.2%).
Brand-wise, Toyota remains the leader, even with a loss of 48.9%, followed by Tesla, which sold almost triple the units of the leader in September. The top 10 worst performance was registered by Skoda, losing 66.2%.
Medium Terms Market Trend
The automotive industry has been on a positive track from 2014 to 2017m when it hit the highest volume since 2009. However, in 2018 the market suffered a hard drop of 15.7%  and car passenger’s sales have been 17.871, much less than the previous year’s 21.204.
In 2019, According to data released by the Minister of Transportation, the market trend even worsened. Indeed, Total sales have been 13.065 (-26.9%).
Despite having lost over 6 points of share in the last 10 years, the market leader in 2019 was again Toyota with 16.4% of share, still holding a wide gap from Kia and Volkswagen, respectively with 11.4% and 7.5%.
In Q1 2020 the market was hit by the COVID-19 pandemic, thus only 2.445 units were sold, a 45.9% decrease compared to last year. Subsequently, the First Half figures were 4.842 units with a loss of 43.5%.
In July 831 units were sold, a 37% decrease compared to last year, then in August the situation got worse, with only 582 units sold (-56.6%).
Tables with sales figures
In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models.

Congo 2020. Auto sales plummet over 50%, all brands report double-digit losses
Monday September 28, 2020

Democratic Republic of Congo vehicles market in 2020 reports a sharp drop in an already suffering market as the pandemic influences sales even further. Indeed, 438 units were sold Year To Date until August, losing 51.9% compared to last year. Toyota  (-45.5%) maintains the leadership, while Hyundai registered the top 10 hold, losing “only” 21.7%. […]

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