Georgian vehicles market fully recovered with a sharp increase by 38.7% in the third quarter, ending the negative tone of the first half. Year to date figures were at 2.721 (+4.3%). Toyota dominates the market, followed by Hyundai and Ford.
Georgia’s economy lost some steam in the third quarter, on the heels of the strongest expansion in nearly four years in Q2. The external sector continued to show strength in September, as exports picked up pace driven by booming demand from CIS countries.
On the political front, Salome Zurabishvili, the former French ambassador to Georgia, and Grigol Vashadze, prior foreign minister, have emerged as the two front-runners in the presidential election following the first round of voting on 28 October. The vote marks the last time the head of state is elected though direct ballot as the country moves to a fully fledged parliamentary system. The second round of voting will take place before 2 December.
Georgian vehicles market in recent years have been quite stable with total vehicles sales in the 2017 at 3.506, down 1.3% from the previous year. However, despite all positive news from the economic and political side, the development of new vehicles market is still limited by the import of second hands vehicles from others CIS countries.
The start of 2018 was very bad with first quarter sales down 55.9%, before to show a robust recovery in the second, ending the first half with 1.668 sales, down 9.8%%. Sales sharply increased in the Q3 with sales at 1.053 (+38.7%). Year to date figures are at 2.721 (+4.3%).
The market leader is Toyota with 1.050 sales (+1.8%), followed by Hyundai with 261 sales (+37.4%) and Ford with 213 sales (+45.9%).
|Rank 2018||Rank 2017||Brand||Sales 2018||Sales September||Variation 2018||Variation September||Share 2018||Share September|
|Rank 2018||Rank 2017||MODEL||Sales 2018||Sales September||Variation 2018||Variation September|
|5||1||Toyota Land Cruiser||105||15||-47,0%||-31,8%|
|9||50||Ford Transit Courier||66||2||1550,0%|