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Costa Rica 2020. Market down for the 4th year in a row while Toyota easily maintains leadership

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Cape Verde. Auto sales plummet 38.7% in sales Year to Date in August 2020 while Volkswagen soars 170%
Friday September 25, 2020

Cape Verde vehicles market in 2020 reports considerable losses as the pandemic influences sales. Indeed, 315 units were sold Year To Date until August, losing 38.7% compared to last year. Renault  (-45.1%) remains the leader, closely followed by Toyota (-12.4%). Volkswagen was the best performer, soaring 170%. Economic Environment Cape Verde’s economic growth momentum remains […]

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Indonesia 2020. Best selling cars ranking
Monday September 28, 2020

Indonesia’s best-selling car in 2020 up to August is still the Toyota Avanza despite crumbling down at 7.8% of market share, while the Honda Brio landed in 2nd place. The Toyota Calya enters the top 10 with a stunning performance and conquers 4.7% share, while the Mitsubishi Xpander falls 2 spots, down to 5th position. […]

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Costa Rica auto market in 2020 is still contracting as infections started growing quickly in July and remained high. Indeed, 1.600 units have been sold in September (-40.7%), leading Year to Date sales at 18.977 units (-23.6%). Toyota holds the throne with 23.2% share.
Economic Environment
The economic panorama likely remained downbeat in Q3 due to the ongoing health crisis. Economic activity contracted at a sharper pace in July–August, while the unemployment rate remained high in the same period. More positively, however, exports recovered and imports fell at a softer pace in Q3.
Turning to Q4, further restrictions have been eased, with air borders reopening to all countries on 1 November—without the need for a 14-day quarantine upon arrival nor proof of a negative coronavirus test —aiming to boost tourism and employment in the sector. However, this could lead to an increase in Covid-19 cases, which continued to rise in the country through September and October.
In other news, in late October, the government modified the 2021 draft budget to include a 7.5% reduction in primary spending compared to 2020, in an attempt to control public expenditure.
Market Trend Year to Date
The Costa Rica auto market suffered severely in the last few months as infections in the country have started increasing exponentially in July, and are still very high. Indeed, 1.600 units were sold in September (-40.7%), leading Year to Date sales at 18.977 units sold, a 23.6% decrease compared to last year.
Brand-wise, Toyota remains the undiscussed leader, holding 23.2% share, followed in the distance by Suzuki and Hyundai, holding 12.1% and 11.7% share respectively.
Medium-Term Market Trend
Costa Rica autos market in 2017 pushed the brake after three consecutive all-time records with total vehicle sales at 51.875 units, down 13.0% from the previous year. In 2018 the market trend worsened, ending the year with sales at 39.530, down 20% from 2017.
In 2019 registrations are still declining but at a slower speed. Indeed, full-year sales were at 34.515, down 12.7%.
In Q1 2020 the market was fairly stable with 8.606 units sold (+0.2%), but in Q2 this marginal positive trend quickly reversed, leading First Half sales at 14.196 units, down 15%.
Tables with sales figures
In the tables below we report sales for the Top 10 Brands

Mauritius 2020. Toyota menaces Nissan’s leadership in market down 25.3%
Wednesday September 30, 2020

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%).  Economic Environment Real GDP growth was moderate yet steady, averaging 3.8% during 2015–19. Growth was mainly driven […]

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