Georgia 2017. Toyota near 40% of market share

Georgia vehicles

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.

Georgia’s economy accelerated in the fourth quarter 217, clocking a robust 4.7% expansion over the same period of the previous year, and bringing full-year growth to 4.8% in 2017. Buoyant export growth likely supported the economy’s momentum last year, while recent figures revealed that foreign direct investment rose strongly in Q3. Exports are expected to continue to prop up growth after a free trade agreement with China took effect at the start of January. Over 90% of Georgian products will now be tariff-free in China.

Georgia vehicles market is a little and stable entity. In recent years sales moved within the 3.000 and 3.500 with 2017 at 3.506, down 1.3% from the previous year.

 Sales 2012Sales 2013Sales 2014Sales 2015Sales 2016Sales 2017Sales 2018 e
Car+LCV3.1433.2623.2503.1933.5513.5063.681

 2012 Var2013 Var2014 Var2015 Var2016 Var2017 Var2018 var e
Car+LCV1,1%3,8%-0,4%-1,8%11,2%-1,3%5,0%

At Brand wise, the market leader was Toyota with 1.380 sales (+16.7%) with 39.4% of market share. Behind, Hyundai, Ford and Mercedes with a deep gap from the leader.

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