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


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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“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 […]

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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

3 Practical Tips to Follow When Shopping Around for SUV Tyres
Friday November 27, 2020

Good quality SUV or 4×4 tyres can be expensive to replace. This is why you need to make the necessary considerations to be able to choose the best tyres that will last for a long time. Car tyres vs. SUV/4×4 tyres It’s important that you choose the correct type of tyres for your vehicle because […]

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