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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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GCC 2020. Best selling cars ranking
Wednesday November 25, 2020

GCC Best Selling Cars up to October 2020 sees again the Toyota Hilux on top while the Nissan Sunny conquers the 2nd position by overtaking the Toyota Land Cruiser, which closes the podium. The Toyota Land Cruiser P/U enters the leaderboard. As far as the best selling cars ranking, while our report assembles data from […]

The post GCC 2020. Best selling cars ranking appeared first on Celadon Saigon.

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GCC 2020. Best selling cars ranking
Wednesday November 25, 2020

GCC Best Selling Cars up to October 2020 sees again the Toyota Hilux on top while the Nissan Sunny conquers the 2nd position by overtaking the Toyota Land Cruiser, which closes the podium. The Toyota Land Cruiser P/U enters the leaderboard. As far as the best selling cars ranking, while our report assembles data from […]

The post GCC 2020. Best selling cars ranking appeared first on Celadon Saigon.

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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

Highlights from Layered Money by Nik Bhatia
Saturday February 13, 2021

An easy to read tour through the history and evolution of money types (from gold coins to today’s fiat paper notes), presented through a useful framework of money layers (that together form a pyramid). Amazon Kindle. Here are some of my favorite highlights (copied verbatim): — In the second century under the rule of Marcus […]

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