Uruguay July. Suzuki booming 526.2% while the market embarked on a positive path

Uruguayan Vehicles Market

Uruguayan Vehicles Market in July suddenly went up 30.7%, signing the 2nd consecutive gain, with 3.521 sales. Suzuki – gaining the 3rd position – was the best performer, booming over 500%. Renault managed to temporarily hold the crown, surging 21.2%.

 

Economic Environment

Uruguayan economy contracted for the first time in nearly four years in the first quarter, largely due to the poor performance of the retail, manufacturing and tourism sectors. Private consumption declined again, undermined by rising unemployment and a weaker currency, while fixed investment also slumped, cementing the downturn in domestic demand. The external sector was also held down by weak demand from Argentina and Brazil, the country’s main trading partners.

Market Trend

Uruguayan vehicles market in recent years declined from the record established in the 2013, with 56.220 light vehicles sold to the 44.285 units reported in the 2016. However, according to data released by the ACAU, the Asociation del Comercio Automotor del Uruguay, during the 2017 the market reported a robust performance ending the year at the second best result ever, with 56.843 units (+25.4%).

In the 2018 the market was heavily negative. The car passenger’s segment kept a negative tone during the entire year, ending with registrations at 43.815. Moreover, this is the lowest annual volume since 2010, leading the market down 20.3%.

In the 2019 the market kept the previous year’s negative tone with January sales down 24.8% and 2.961 units. February’s registrations dropped again reaching 3.122 units, down 6.7%.

The market keeps on falling in March recording 3.134 units (-22.7%) and 2.944 in April – down 22% – leading year-to-date figures at 12.161 (-19.5%). In May, sales went down 9.2% with 3.470 units sold while improving 5.4% in June with 3.185 sales.

In July, registrations suddenly soared at 30.7% with 3.521 units sold, leading year-to-date figures at 22.299 (-9%).

 

Competitive Arena

In the competitive landscape year-to-date leader is Renault with 3.180 units sold (-8.5%), followed by Volkswagen with 2.911 (-15.9%) and Suzuki with 2.514 (+19.4%).

In the fourth place Fiat with 2.464 (-25.5%) ahead of Chevrolet with 2.131 (-19.5%), Nissan with 1.449 (-26.6%), Peugeot with 1.267 (+34.6%), Toyota with 1.022 (+30.9%), Citroen with 1.016 (+22.7%) and Hyundai with 903 (-24.4%).

Rank 2019Rank 2018BrandSales YTD July 2019Sales July 2019'+/- YTD 2019'+/- Jul 2019Share YTD July 2019Share July 2019
12Renault3.180389-8,5%21,2%14,3%11,0%
21Volkswagen2.911535-15,9%0,9%13,1%15,2%
34Suzuki2.51440719,4%526,2%11,3%11,6%
43Fiat2.464486-25,5%30,6%11,0%13,8%
55Chevrolet2.131276-19,5%30,8%9,6%7,8%
66Nissan1.449140-26,6%-20,0%6,5%4,0%
79Peugeot1.26718734,6%29,9%5,7%5,3%
88Toyota1.02217330,9%34,1%4,6%4,9%
910Citroen1.01616022,7%14,3%4,6%4,5%
107Hyundai903141-24,4%-11,3%4,0%4,0%
1119Dongfeng52283193,3%260,9%2,3%2,4%
1211Ford49260-18,5%-11,8%2,2%1,7%
1313Great Wall3506030,1%57,9%1,6%1,7%
1412Kia29433-44,2%-57,1%1,3%0,9%
1514Honda25141-17,4%115,8%1,1%1,2%
1618JAC206116,2%-35,3%0,9%0,3%
1715Mercedes18446-6,1%76,9%0,8%1,3%
1821Mitsubishi1311819,1%-35,7%0,6%0,5%
1917FAW12614-44,5%-12,5%0,6%0,4%
2027Chery116116-4,9%866,7%0,5%3,3%
2016BYD11613-60,3%-58,1%0,5%0,4%
2120BMW10813-28,9%-7,1%0,5%0,4%
2225Chana1071194,5%266,7%0,5%0,3%
2322Audi8119-10,0%137,5%0,4%0,5%
2424Jeep788-10,3%-55,6%0,3%0,2%
2523Geely6425-45,3%38,9%0,3%0,7%
2628Mazda5715-8,1%87,5%0,3%0,4%
2726Subaru444-53,2%-69,2%0,2%0,1%
2830Changhe352740,0%1250,0%0,2%0,8%
2929Mini2430,0%50,0%0,1%0,1%
3036Ram93200,0%0,0%0,1%
3034JMC9-0,0%0,0%0,0%
3139Foton6-0,0%0,0%
3136Porsche6-50,0%0,0%0,0%
3135Haval6--25,0%-100,0%0,0%0,0%
3238ZNA53150,0%0,0%0,1%
3233Dodge51-37,5%0,0%0,0%0,0%
3332Brilliance2--77,8%0,0%0,0%
3331Haima2--85,7%-100,0%0,0%0,0%
3337Tata2--50,0%0,0%0,0%
3337Jaguar2--33,3%0,0%0,0%
3437Shineray1--80,0%-100,0%0,0%0,0%
3439Maserati1-0,0%0,0%0,0%

Rank 2019Rank 2018GroupSales YTD July 2019Sales July 2019'+/- YTD 2019'+/- Jul 2019Share YTD July 2019Share July 2019
11Renault Nissan Alliance4.765550-14,3%5,0%21,4%15,6%
22Volkswagen Group2.998554-15,7%3,0%13,4%15,7%
33F.C.A.2.557498-24,9%27,4%11,5%14,1%
44Suzuki2.51440719,4%526,2%11,3%11,6%
56P.S.A.2.28334729,1%22,2%10,2%9,9%
65General Motors2.131276-19,5%30,8%9,6%7,8%
77Hyundai-Kia1.197174-30,4%-26,3%5,4%4,9%
88Toyota Group1.02217330,9%34,1%4,6%4,9%
917Dongfeng Motor52283193,3%260,9%2,3%2,4%
109Ford Group49260-18,5%-11,8%2,2%1,7%

(1630)

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