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Serbia. Renault outperforms (+16.2%) a market affected by the pandemic (-23.3%)


Nicaragua 2020. Crippled market loses 73.6% sales while underperforming for the whole year
Thursday November 12, 2020

Nicaragua vehicles market in 2020 began the year negatively but plummeted even further in Q2 and has not yet recovered effectively. Indeed, 279 units have been sold in September (-71.4%), leading Year to Date sales at 2.344 units (-73.6%). The leader Toyota still holds 23.8% of the market despite losing in double-digits as well. Economic […]

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Cyprus 2020. Renault is the top performer (+51.9%) in market down 17.7%
Friday March 19, 2021

Cyprus auto market falls due to the global pandemic affecting sales. Indeed, Full Year 2020 sales have been 10.061, down 17.7% compared to 2019. Renault reports the largest growth in the leaderboard, rising 51.9%.   Economic Environment Available data suggests that the economic panorama remained subdued in Q3, following the unprecedented GDP drop in Q2. […]

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Serbian auto market in 2020 falls by 23.3% as the pandemic and lockdowns affect sales. Full-Year sales have been 26.241, while Renault is the only brand in the leaderboard to report growth by rising 16.2%.
Economic Environment
The economy should have shrunk at a softer pace in the third quarter amid the reopening of economies. Industrial production swung from a notable contraction in the second quarter to a solid expansion in the third. Moreover, retail sales grew at a solid pace in July–September, contrasting Q2’s drop.
On the external front, merchandise exports continued to contract in the first two months of Q3, although at a noticeably softer pace compared to Q2. Similarly, the drop in tourist arrivals in July–August was less severe than the fall seen in the prior quarter.
Meanwhile, a new government was installed on 29 October, but President Aleksandar Vucic stated in mid-October that a snap election would be held by 3 April 2022 at the latest. The new government will work towards EU membership while strengthening the health care system and the economy in the wake of Covid-19.
Market Trend
The Serbian car market has been hit in 2020 by the world-wide COVID-19 pandemic, which has impacted sales significantly.
The market in recent years has been recovering after the huge fall reported in the 2009-2014 crisis. Light vehicle sales grew up from 19.698 in 2014 to 29.010 in 2017. In 2018, the market kept growing, ending with 29.721 sales (+2.4%). In 2019, the market signed the 5th consecutive year of gain by selling 34.197 units, surging 15.1% from the previous year. 
After growing for 5 years in a row, Full-Year sales for 2020 have been 26.241, reporting a 23.3% decrease compared to 2019.
Brand-wise, this year the leader Skoda (-30.7%) lost 1.6% market share, followed by Fiat (-33.9%), which reported the worst performance in the leaderboard and lost 2.2% share. Renault -up 1 spot- gained 3.4% share, rising 16.2% and reporting the best performance.  Volkswagen fell in 4th place and reported a loss of 29.1%, followed by Dacia which lost 27%.
Toyota -up 1 spot- lost 16.9%, overtaking Opel (-27.3%) and followed by  Hyundai which lost 23.4%. Closing the leaderboard we have Mercedes entering the leaderboard by losing 10.6% and on the other hand Citroen losing 26.8%.
Tables with sales figures
In the tables below we report sales for all Brands and top 10 Manufacturers Group.

Paul Tudor Jones: A magical moment in a great documentary
Saturday November 21, 2020

The documentary is a fascinating and brief slice in the work life of Paul Tudor Jones, one of America’s all time great macro traders. There’s this one moment that really stands out to me, where Jones, after losing about 5% of his portfolio in a single terrible trading day (at that time, ~$6M dollars), says […]

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