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Tuesday, 9 August 2016

Passenger car sales down by c 26% in 1H16 although Hyundai, Nissan market share rises

Passenger car sales plummeted by 26% during 1H16 to 70,800 vehicles, down from 95,000 cars sold during 1H15 as the FX crisis weighed on the sector. However, Hyundai and Nissan maintained their positions as first and second in the market, with Hyundai’s market share rising to 28.3% and Nissan’s to 14.4% compared to the 23.9% and 10.4%, respectively, during 1H15. Chevrolet’s market share declined slightly to 10.2% from 10.8% y-o-y. Bus sales fell by 29.7% during the same period to 11.8k vehicles, down from c16.7k vehicles in 1H15. Fortunately, that includes microbuses.

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