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Peru 2020. Vehicles market starts growing again (+20.3%), meanwhile Mitsubishi plummets by 64.1%

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How to Buy Your Dream Motorcycle
Saturday October 31, 2020

Finding your very first motorcycle can be just as exhilarating as getting on it and going for that first ride. While you might be so excited about getting your dream bike that you’re not too worried about the details, it’s important to be pragmatic as well when thinking about your dream motorcycle. There are many […]

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Mozambique. Light vehicle market falls 28% Year to Date in August 2020, while Volkswagen grows
Thursday September 24, 2020

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Peruvian Cars market in 2020 recovered slowly in Q3, and is now growing again at a sustained rate. Indeed, 15.312 units have been sold in October (+20.3%), leading Year to Date sales at 96.302 units (-25%). Mitsubishi falls a steep 64.1%.
Economic Environment
The gradual economic recovery appears to be continuing in H2: Economic activity expanded in August, albeit at a slower pace than in July, amid the staged reopening of commercial activities.
More recently, business confidence turned positive for the first time in nine months in October after credit growth surged in September, while the finance minister announced on 5 November that mining and construction operations would not be halted in the event of a second national lockdown, boding well for activity in Q4.
Moreover, the resumption of international flights and the reopening of key tourist sites in November will be a welcome boost to the shattered tourism industry. Meanwhile, President Vizcarra was removed from office on 9 November after Congress unexpectedly voted to impeach him over as-yet-unproven corruption allegations.
The move promotes the head of Congress, Manuel Merino, to interim president and plunges the country into political disarray ahead of elections scheduled for April 2021.
Market Trend in October
After recovering slowly in Q2, the Peruvian vehicles market started growing again in October, in fact, 15.312 units were sold, leading Year to Date sales at 96.302 unit, a 25% decrease compared to the previous year.
Brand-wise, the best performer in the leaderboard was Volkswagen, growing by 10.5%, while the sharpest drop was registered by Mitsubishi, falling a steep 64.1%. Meanwhile, the leader Toyota remained flat (+0.4%).
Medium-Term Market Trend
Peruvian vehicles market growth consistently in the decade 2004-2013 hitting a record of 174.495 sales, before to be frozen by economic recession and decline for three consecutive years at the 153.876 scored in 2016. However, in 2017 the market stabilized posting a feeble recovery, with 163.668 sales, up 6.4%. In 2018, the market has been quite unstable, closing with 147.803 sales, losing 9.7%.
In 2019, according to data released by the A.R.A.P.E.R. (Association of Peruvian Car Manufacturers), they held a flat trend. Indeed, Full-year registrations have been 151.658 (+0.2%).
In Q1 2020 37.355 units have been sold (+1%), but this growth quickly fell in Q2, in fact, First Half sales were 42.990 (-42.7%).
Tables with sales figures
In the tables below we report sales for the Top 10 Brands

El Salvador 2020. Vehicle market still unable to recover effectively (-30.6%) after second wave hits the country
Thursday November 12, 2020

El Salvador vehicles market in 2020 suffers again in September, affected by the country’s second wave of infections. Indeed, 278 units have been sold in September (-58.4%), leading Year to Date sales at 4.180 units (-30.6%). Economic Environment Economic conditions likely remained downbeat in Q3, despite improving somewhat, after Q2’s record GDP contraction due to […]

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