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Honduras 2020. Nissan holds 21.4% share in a market steadily down 24.8%

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Inspired by a Qing dynasty poem
Monday November 09, 2020

I really enjoyed reading this poem, just something about the words and the flow of it. I decided to write my own – half a literal translation, and half something else. — 万里长城万里空 张廷玉 南来北往走西东,  人生杳杳在其中; 天也来空地也空,  换了多少主人公。 夜静听得三更鼓,  翻身不觉五更钟; 从头仔细思量起,  便是南柯一梦中。 一场辛苦一场空,  死后还归泥土中。 身归泥土气随风,  一片顽皮化臭胧; 在身置得万倾田,  死后只得三步地。 埋骨何须桑梓地,  人生无处不青山。 万里长城万里空,  百世英雄百世梦; 沉舟侧畔轻帆过,  病树前头万木春! — […]

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New Zealand 2020. Best selling cars ranking
Wednesday November 04, 2020

New Zealand Best Selling Car ranking in 2020 reports the Ford Ranger still as the market leader, holding 6.6% share. The Suzuki Seltos jumped from 10th to 7th spot while the Toyota Corolla fell down in 9th position. The Ford Ranger remains the best selling car in 2020 up to September, holding an impressive 6.6% share, […]

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Honduras Vehicles Market in 2020 is still heavily hampered by COVID-19 as cases have been high since June. Indeed, 500 units have been sold in September (-46.7%), leading Year to Date sales at 6.102 units (-24.8%). Nissan remains the leader in the market with 21.4% market share.
Economic Environment
The economy is set to have contracted again in Q3. In August, economic activity fell for the sixth month running, albeit at the softest pace since the crisis began in March, on the back of declining activity in the mining and quarrying, hotels and restaurants, construction, and transport and storage sectors.
Moreover, in July–August, merchandise imports continued to fall and private-sector credit growth softened—easing to an over nine-year low in August—pointing to weakened domestic demand. Turning to Q4, prospects remain grim amid a worldwide surge in new Covid-19 cases and a still-elevated number of new cases domestically.
Meanwhile, on 30 October, the government reached an agreement with the IMF on the third review of the Fund’s Stand-by Arrangement and Stand-by Credit Facility. Consequently, around USD 88 million will be disbursed to support the government’s economic policies.
Market Trend Year to Date
The Honduras vehicle market is still in a very difficult position as COVID-19 cases have remained high in the country since June, and have not yet decreased significantly. Indeed, 500 units have been sold in September (-46.7%), leading Year to Date sales at 6.102 units, a 24.8% decrease compared to 2019.
Brand-wise, Nissan maintains the leadership in the market with a 21.4% market share, followed by Toyota with 18.9% and further below by Ford with 8.4% share.
Medium-Term Market Trend
Honduras vehicles market in recent years hit the all-time record in 2015, at the end of the too-fast growth. Then inexorably sales declined. In 2017, new vehicle sales have marginally recovered after the deep fall reported in the previous year, with annual sales at 11.712 (+19.5%). In 2018, the market kept recovering in double-digits, ending the year at 12.974, up 10.8%.
In 2019, the vehicle market is slipping down again. Indeed, sales in 2019 have been 10.499, losing 11.7% from last year.
In Q1 2020 2.855 units have been sold, a 1.3% decrease, falling to a 19.8% decrease in First Half sales, with 4.633 units sold.

“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 […]

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Tables with sales figures
In the tables below we report sales for the Top 10 Brands

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