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

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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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Iceland 2020. Car market starts recovering in September (-14.9%) while Skoda plummets 66.2%
Wednesday October 07, 2020

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

Thành công ấn tượng của Việt Nam trước thềm Đại hội XIII
Tuesday January 12, 2021

Trước thềm Đại hội lần thứ XIII, báo chí nước ngoài liên tục đăng tải nhiều bài viết ca ngợi những thành công của Việt Nam trong năm 2020, trong đó đặc biệt nhấn mạnh vai trò lãnh đạo của Đảng Cộng sản Việt Nam. Báo Nga: Dấu mốc thể hiện sự phát triển của […]

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

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