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 2012||Sales 2013||Sales 2014||Sales 2015||Sales 2016||Sales 2017||Sales 2018 e|
|2012 Var||2013 Var||2014 Var||2015 Var||2016 Var||2017 Var||2018 var e|
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.