Automotive Sector Market Watch

11 Nov, 2020
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  • The recent positive news regarding the vaccine has positively affected the price dynamics of major global players of the automotive industry and the input commodities
  • The expectations for real GDP and external trade growths starting from 2021 are optimistic for Georgia and the extended region, indicating a high likelihood of recovery
  • The major operating expenses in all three sub-sectors of the industry decreased in line with the plunge of the turnover
  • External trade accounts to roughly half of the sector turnover
  • The Georgian automotive fleet figures indicate an upside for further development
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