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Paraguay 2020. All brands report double-digit losses in market down 34.8%

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Panama 2020. Market still down 19.9% Year to Date in September as cases in the country remain high
Wednesday November 11, 2020

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TED talk notes #3, Noah Feldman: Politics and religion are technologies
Tuesday October 27, 2020

politics and religion are analyzable as technologies, via conceptual design democracy is a way to channel power from many into hands of few Islam – means of construing universe as way to bring salvation to its followers to achieve goals: peace, justice, equality as viewed within its doctrine there isn’t a clear symbol for democracy or Islam, as […]

The post TED talk notes #3, Noah Feldman: Politics and religion are technologies appeared first on Celadon Saigon.

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Paraguay vehicle market in 2020 reported heavy losses in Q2 (87.1%). Indeed, 996 units have been sold in June, leading First Half sales at 9.603 (-34.8%). All brands in the leaderboard report double-digit losses, with Nissan (-33.8%) reporting the top 10 hold.
Economic Environment
The economic situation likely improved in Q3 yet remained challenging, after GDP contracted in Q2 due to a significant decline in domestic demand. Activity shrank in August after having expanded in July, mainly dragged down by a deterioration in the services sector. Moreover, although consumer sentiment recovered somewhat in Q3, it remained downbeat overall.
However, public investment soared in the January-September period, providing some relief to the economy. Meanwhile, the difficult economic situation was reflected in a considerable drop in tax revenue in the first 10 months of the year, although October saw only a slight reduction compared to last year, hinting at firming activity in Q4.
In politics, Benigno López recently stepped down as finance minister and was replaced by Óscar Llamosas, who is advocating for streamlining public spending in fiscal reforms to come.
Market Trend Year to Date
After starting the year on a slow decline with Q1 sales at 6.706 (-2.7%) the market crashed in Q2, losing 87.1% sales. In fact, 996 units have been sold in June (-62.9%), leading First Half sales at 9.603 units, a 34.8% decline compared to the previous year.
Brand-wise, the leader Kia lost 38.6%, but the worst performance in the leaderboard was reported by Suzuki, losing 84.7%. All brands reported double-digit losses, with the top 10 hold registered by Nissan, losing 33.8%.
Medium-Term Market Trend
Paraguay vehicles market in recent years suffered heavy losses and in 2016 sales declined 15.3% from the previous year at a negative peak of 20.802. Since early 2017 the market started to recover and the total light vehicle sales have been 27.851, up 33.9%. In 2018 the scenario further improved and the automotive industry scored a new all-time record, ending with 35.403 sales (+27.1%).
However, as reported by the local Automotive Manufacturers Association, (CADAM), in 2019 the market reported a sharp sales drop (-15%) with 30.097 units sold.
In Q1 2020 6.706 units were sold, starting the year with a small 2.7% decline.
Tables with sales figures
In the tables below we report sales for the Top 10 Brands

Malawi 2020. Volkswagen performs outstandingly (+69.2%) in market crashing 37.5%
Wednesday September 30, 2020

Malawi vehicles market in 2020 reports considerable losses as the pandemic influences sales. Indeed, 724 units were sold Year To Date August, losing 37.5% compared to last year. Toyota (-37.8%) remains the leader, followed by Ford (+9.5%). Volkswagen was the best performer, soaring 69.2%.  Economic Environment Malawi’s three-year pathway of fast economic growth has been interrupted […]

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