Tunisian vehicle sales in May have been 3.330, down 21.1%. The low level of lost is a positive sign for next months, when the market is expected to recover, at least partially, the sales lost so far. Year to date May sales have been 13.852, down 35%.
The economic panorama was bleak in the first quarter of the year, as the coronavirus pandemic significantly impaired economic activity.
Domestically, containment measures will have restrained private consumption and investment flows, while slumping foreign demand will have extinguished exports in the quarter, with tourism and related services particularly hard hit. As a consequence, the IMF approved a USD 745 million disbursement on 10 April to address urgent funding requirements.
Economic activity is expected to contract this year, as restrained household spending and reduced investment more than outweigh higher government spending.
The full impact of the pandemic on the external sector—through decreased tourism levels and lower exports—remains the key risk to the outlook.
Tunisian vehicles market is in a negative pathway since a couple of years.
The start of the 2020 has confirmed the trend with the first quarter reported at 10.438 sales, down 17%. The Covid19 impact on the industry was huge, with the shutdown period between the last week of March and early May, with April sales fell down at only 111 units (-97.7%).
Although the restart was progressive during the month, in May the light vehicles sales have been 3.330, down 21.1%. The low level of lost is a positive sign for the next months, when the market is expected to recover, at least partially, the sales lost so far. Year to date May sales have been 13.852, down 35%.
Hyundai is the top seller so far, with 1.404 sales, followed by Kia with 1.386 and Chery with 1.082, thanks to the new Tiggo 2 SUV, which is the best selling model in the 2020.
Tables with sales figures
In the tables below we report sales for Top Brands