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Luxembourg 2020. Fiat shines (+75%) in a quickly recovering auto market (+23.8%)

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Finally some unemployment numbers that reflect reality
Thursday October 22, 2020

A short and highly recommended read: America’s true unemployment rate To this day, to be officially counted as unemployed you need to be earning no money at all, and you need to be actively looking for work. Only 46.1% of white Americans over the age of 16 — and a mere 40.8% of Black Americans […]

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Hiệu trưởng Trường CĐ Kinh tế đối ngoại
Thursday September 10, 2020

Giáo dục. Tuyển sinh 2020 Hộp thư Tư vấn 24/7 Du học Chọn nghề Chọn trường Người thầy Tra cứu điểm thi 2020 Thời sự Giáo dục Giáo dục Tuyển sinh 2020 Trường CĐ Kinh tế đối ngoại công bố điểm trúng tuyển. Mỹ Quyên. [email protected] 18:41 – 10/09/2020. Chiều nay 10.9, Trường CĐ Kinh […]

The post Hiệu trưởng Trường CĐ Kinh tế đối ngoại appeared first on Celadon Saigon.

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Luxembourg Car Sales improved in September 2020, illustrating a recovering market. Indeed, 4.073 units were sold in September (+23.8%), leading Year to Date sales to 34.046, down 20.6% from the previous year. Fiat grew 75% while Volvo plummeted, losing 42.5%.
Market Trend in September
In September the Luxembourg car recovered even further after a slight drop in sales in August (-3.3%). Indeed, 4.073 units were sold in September (+23.8%), leading Year to Date sales to 34.046 units, down 20.6% compared to the previous year. 
Brand-wise, the leader Volkswagen (+19.7%) performed slightly worse than the market average, while the top 10 performer, Fiat, reported a 75% increase in sales. The worst top 10 performance was registered by Volvo, losing 42.5%.
Medium Terms Market Trend
Luxemburg vehicles market in the last decade fluctuated around 50k annual sales. In 2018 registrations confirmed the positive tone shown since early 2017 with moderate growth. Indeed, car passenger sales in 2018 were at 52.667 (+0.9%). In 2019, the market was still on a positive track, growing by 4.2% with 54.922 units sold, signing the 4th consecutive annual gain.
However, in the first two months of 2020, the market started on the wrong foot. Indeed, according to data released by the Luxembourg Portal for Statistics, year to date February sales have been 9.104 (-8.1%)
In Q1 2020 11.912 units were sold, a 17.7% decrease compared to last year. Subsequently, in the First Half of the year, the market was hit by the COVID-19 pandemic, leading First Half figures to 20.793 units with a loss of 33%.
In July the market recovered promptly, reporting 5.509 units sold, a 15.3% increase. In August sales declined again, 3.671 units were sold (-3.3%).
Economic Environment
The economy contracted for the first time in nearly eight years in the second quarter as GDP fell at a record-breaking pace due to the fallout from the pandemic and associated containment measures. The downturn came largely on the back of plunging household and capital expenditure as consumers and firms put off non-essential spending.
Turning to Q3, available data hints at firming activity. In July, the economic sentiment indicator logged its best reading since March following the further lifting of Covid-19 restrictions during the month, and it remained broadly unchanged in August.
Moreover, in August the jobless rate dropped to its lowest level in five months, indicating a stabilizing labor market. Meanwhile, in early September, both Fitch Ratings and S&P Global Ratings affirmed the country’s triple-A rating, noting its sound public finances and strong capacity to deal with the pandemic.
Tables with sales figures
In the tables below we report sales for all Brands and top 10 Manufacturers Group.

Sweden best selling cars. The Top in the 2020
Tuesday September 22, 2020

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