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Zimbabwe 2020. Market maintains a slow recovery, reporting a 11.9% decline in Year to Date sales in September

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John Street Capital’s fire analysis of bitcoin, stocks, and macroeconomics
Tuesday October 06, 2020

I really enjoyed reading several of John Street Capital’s essays and wanted to save / share some excerpts from them. The two that stood out the most during my reading binge were Bitcoin & The Macro Environment, and FinTech: The 2020’s. Excerpts: We said QE turned your checking account into cash, your savings account into […]

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Michael Saylor is a bull bull bull – a bunch of notes from his podcast appearances
Tuesday October 20, 2020

Here are some news stories if you’re not familiar with Saylor’s background and recent actions: MicroStrategy’s Michael Saylor on His $425M Bitcoin Bet MicroStrategy buys $250M in Bitcoin as CEO says it’s superior to cash MicroStrategy CEO Michael Saylor Issues Statement He’s even re-directed one of his domains, hope.com, to Microstrategy’s list of curated resources […]

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Zimbabwe Vehicles Market keeps recovering slowly after July’s spike in reported infections. Indeed, 175 units were sold in September (-6.4%), leading Year to Date sales at 1.505 units (-11.9%). Toyota remains the leader and holds 18.5% market share.
Economic Environment
Zimbabwe’s economy contracted by 12.8% in 2019 due to poor performance in mining, tourism, and agriculture. Foreign currency and electricity shortages affected mining and tourism.
Agriculture shrank about 15.8% due to cyclone Idai in March 2019, prolonged drought, livestock diseases, and currency shortages reducing the availability of inputs. Despite a global mineral price recovery, production in Zimbabwe dropped below 2018 levels.
Market Trend Year to Date
Zimbabwe’s vehicles market keeps recovering slowly in September as cases in the country keep flattening out after July’s spike. Indeed, 175 units were sold in September (-6.4%), leading Year to Date sales at 1.505 units, an 11.9% decline compared to 2019.
Brand-wise, the leader Toyota holds 18.5% market share, followed by Ford with 9.7% and Chevrolet with 8.5% share.
Medium-Term Market Trend
Zimbabwe’s new vehicles market grew up until 2013 when sales hit the record of 7.860 units, before to rapidly decline at 3.754 in 2016 – as the economic crisis moved demand on cheaper used vehicles – and at only 3.345 in 2017. In 2018, after four consecutive years of decline, the market started to recover. Indeed, the year ended with registrations at 3.800 (+13.6%).
However, in 2019, the market fell below the 3.000 units sold, at the lowest volume of the entire decade. Indeed, Full-year sales have been 2.637, losing 42.8% from the previous year.
In the First Half of 2020 sales declined by 13.4% with 994 units sold.
Tables with sales figures
In the tables below we report sales for the Top 10 Brands

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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