Moldova 2017. Dacia leader in a +31% market

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Moldavian Vehicles Market
Dacia-Duster-2018

Moldavian Vehicles Market was very positive in the 2017 with an amazing Q4 performance, ending at the best level in a decade, at 5.500 units, with a substantial +31% from the previous year. Market leader is Dacia, ahead of Skoda.

Moldova economic growth in the final quarter overshot the third quarter’s marked upturn. Industrial output expanded at a stellar pace in November, albeit moderating slightly from October’s 18-month high. Average annual growth in industrial production in the first two months of the fourth quarter beat the previous quarter’s average. Exports rose 18.4% year-on-year in the January–November period, helping narrow the trade deficit in annual terms

Moldavian vehicles market in recent years fluctuated between the 4 and 5 thousand annual sales due to continue changes in import rules and uncertain economy, ending the 2016 with 4.195 sales. However, during the last year the environment improved and new vehicles demand increased 31.4% with sales up at 5.512.

Sales 2012Sales 2013Sales 2014Sales 2015Sales 2016Sales 2017Sales 2018 e
Car+LCV4.3564.3425.0203.5374.1955.5125.780

2012 Var2013 Var2014 Var2015 Var2016 Var2017 Var2018 var e
Car+LCV10,0%-0,3%15,6%-29,5%18,6%31,4%4,9%

The outlook for the 2018 is positive.

Market leader is Dacia with 19.8% of market share and 1.090 sales (+50.6%) followed by  Skoda with 698 (+7.4%) and Hyundai with 615 (+14.1%).