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Moldova 2020. Toyota gains share and menaces Dacia in market down 25.9%

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Important Details To Keep In Mind Before Getting A New Vehicle
Monday March 22, 2021

Buying a new vehicle on impulse is never a good decision. This is possibly the second most important purchase of your lifetime. It is a decision wherein if you don’t put enough effort into research and thought, you could end up with a vehicle that’s not right for you. There are many things that you […]

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Five articles to recommend: Diamonds, Surveilled cities, Zero to One, PG, and Kevin Kelly’s countdown clock
Monday November 02, 2020

Have you ever tried to sell a diamond? [The Atlantic] Since “young men buy over 90% of all engagement rings” it would be crucial to inculcate in them the idea that diamonds were a gift of love: the larger and finer the diamond, the greater the expression of love. Similarly, young women had to be […]

The post Five articles to recommend: Diamonds, Surveilled cities, Zero to One, PG, and Kevin Kelly’s countdown clock appeared first on Celadon Saigon.

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Moldavian vehicles market falls due to the global pandemic affecting sales. Indeed, Full Year 2020 sales have been 5.072, down 25.9% compared to 2019. Toyota gains share and menaces Dacia’s leadership.
Economic Environment
Recent figures point to recovering activity hitting a roadblock in Q3, after output plunged in Q2 as the Covid-19 fallout pummeled domestic demand and exports.
Although the pace of contraction in industrial production eased from April’s nadir through July, it grew more severe in August as manufacturing activity, particularly in food processing, shrank markedly. Similarly, July’s rebound in retail sales was short-lived as they slumped back again in August, which, coupled with even slower bank lending in Q3 than in Q2, hints at demand struggling to gain traction.
Lastly, the key agricultural sector, which accounts for about a tenth of output and a third of employment, languished in Q3 as crop production declined even more heavily than in Q2.
Market Trend
The Moldavian vehicle market has been severely affected in 2020 by the global COVID-19 pandemic, which impacted sales significantly.
The market in recent years fluctuated between the 4 and 5 thousand annual sales due to continuous changes in import rules and uncertain economy, ending 2016 with 4.195 sales. However, during 2017 the environment has improved and new vehicles demand increased 31.4% with sales up at 5.512. In 2018 the market kept the momentum, gaining 13.3% from the previous year, with sales at 6.245. In 2019 sales have been 6.843, reporting a 9.6% increase in sales compared to 2018 and maintaining the positive trend for the third year in a row.
Full-Year sales for 2020 have been 5.072, reporting a 25.9% decrease compared to 2019.
Brand-wise, this year the leader Dacia (-36.9%) lost 2.9% market share, followed by Toyota (-10.7%) which gained 2.6% market share. Skoda (-26.7%) was in the third position and lost 0.1% market share.
The most sold model in the country is the Toyota Rav4 with 347 sales, holding 6.8% market share.

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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