Automotive sector latest publications
New vehicle sales were stronger than expected in 2Q, resulting in an upward revision to our annual forecast. However, sales were still 33.7% below the levels observed in 2Q19, the worst decline since 2Q09.
The automotive market was unable to recover from the sharp fall in 2018 due to the exchange and financial tensions that occurred during 2019, the loss of purchasing power and a significantly astringent monetary policy.
Solid but stable new vehicle sales through 3Q19. A robust supply of “off-leasing” units and access to credit support sales of used vehicles. Consumer credit remains healthy, although delinquencies keep growing.
Domestic trucks, SUVs, and minivans experienced the greatest rise in sales as a result of low gas prices and low interest rates. After winter weather subsided, auto sales surged in the later part of the first quarter, and then stabilized in April. The large majority of brands experienced a year over year pick-up in sales co…
Jornada After Market Club, Madrid (marzo de 2015)