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Madagascar 2020. Auto sales down 14.4% Year to Date September

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“You have to remember that in today’s world GDP is a very poor measure of economic health”
Thursday October 29, 2020

Lately I’ve been reading Detlev’s book, Paper Money Collapse. In particular I found the chapter on cryptocurrency and the chapter on solutions to the global monetary debt crisis to be extremely clear and practical and informative. This online interview he did with ValueWalk was also quite good. I’ve shared a few of my favorite excerpts […]

The post “You have to remember that in today’s world GDP is a very poor measure of economic health” appeared first on Celadon Saigon.

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Bosnia 2020. Market recovers in September (-15.5%), but growth is challenged by second wave
Tuesday November 10, 2020

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The post Bosnia 2020. Market recovers in September (-15.5%), but growth is challenged by second wave appeared first on Celadon Saigon.

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Madagascar Car Sales decline in 2020 as COVID-19 impacts the region. Indeed, Year to Date sales in September have been 1.264, down 14.4% from the previous year. Toyota kept the crown, just a few units ahead of Renault, which fell 30.3% in September.
Economic Environment
Madagascar is a mostly unregulated economy with many untapped natural resources, but no capital markets, a weak judicial system, poorly enforced contracts, and rampant government corruption. The country faces challenges to improve education, healthcare, and the environment to boost long-term economic growth. Agriculture, including fishing and forestry, is a mainstay of the economy, accounting for more than one-fourth of GDP and employing roughly 80% of the population.
Market Trend Year to Date
In Madagascar 1.264 units have been sold until September 2020, reporting a loss of 14.4% compared to last year. The market performance was influenced by COVID-19, as the infections reached a peak in July, and are now under control in the country.
Brand-wise, Toyota remains the leader, remaining completely flat in September (0%), followed by Renault falling 30.3%, and by Nissan (-6.7%). None of the brands in the leaderboard reported gains in September.
Medium-Terms Market Trend
Madagascar’s vehicle market has been characterized by an unstable trend in recent year. Indeed, after being hit by a large drop in 2016 the market immediately recovered, bouncing back in 2017 at 2.126 units. However, in the following years registrations started declining, and in 2018 fell 6.2% at 1.995 units.
In 2019, signed the second consecutive year of decline. Indeed, Full-year sales have been 1.894, down 5.1% from the previous year.
In Q1 2020 482 units were sold (-12.2%), and the market did not improve much, as First Half sales reached 854 units (-13.7%).
In July the market maintained a negative trend as 133 units were sold (-19.4%), but it started recovering in August with 142 units sold (-10.7%).

A powerful explanation of America’s current economic dilemma
Sunday February 28, 2021

http://charleshughsmith.blogspot.com/2021/02/trapped.html The first market shadow nationalized was the mortgage market, the foundation of the housing market. After Wall Street’s epic swindle (subprime mortgages) imploded in 2008, the Fed printed trillions of dollars out of thin air and bought hundreds of billions of dollars in mortgages. The federal government nationalized the quasi-governmental mortgage issuers Fannie Mae […]

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

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