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Thursday, July 11, 2019

Colombia Automotive Outlook 2019

This presentation deals with the recent performance and outlook for 2019-2020 of the Colombian economy and automotive sector. Households that buy cars and motorcycles in Colombia are profiled from the Household Budget Survey published in 2018 by DANE.

Key points

  • Key points:
  • New vehicle sales began their recovery process after the 2015 adjustment.
  • The purchase of cars represents 5% of the basket of higher-income households and 2% of middle-income families.
  • Head of Household who are between 40-59 years old have a higher than average propensity to purchase cars in all household structures.
  • Head of Households who are under 40 years old, especially one-person households and couples, are more likely to buy motorcycles.
  • Commercial vehicles will pull new-vehicle-sales while motorcycle sales will continue to perform well.

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