Georgian vehicles market has free-fell in the first quarter of 2020. Indeed, in the first quarter 2020 the market crumbled by 66.7% with 363 units sold. Indeed the country was in hut down in March, the month with higher seasonality of the year, following an already low demand reported in January-February.
Georgian vehicles market in 2019 has further improved. Indeed, Total sales in 2019 have been 5.670, soaring at 39.2%. Renault was the star of the year, jumping in second position with an impressive trend, while Ford gained the market podium.
Georgian vehicles market has grown 17.4% in 2018, despite a huge drop in the first quarter, ending the year with sales at 4.073. Toyota, the market leader, was followed by Skoda - up 65.7% - and Hyundai.
Georgia vehicles market is a little entity in the region below the Great Russia. The market is almost stable with marginal changes year over year. However, the just signed FTA with China can boost production and sales in the next years.