New vehicle sales went up 5% in 4Q20 from the previous quarter to 16.2 million units. For 2020, sales declined 14.7% to 14.5 million units, the lowest since 2012. Resilient demand and tighter supply has significantly boosted prices in both the used and new-vehicle segments.
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Sales of new vehicles have experienced a v-shaped recovery, increasing 36% in 3Q20 from the previous quarter. However, levels were 10% below the same quarter of the previous year. We expect total new vehicle sales to reach 14.5 million units in 2020, the lowest since 2012.
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.
El informe Situación Automotriz Chile 2017-2018 entrega una caracterización tanto del mercado de automóviles como de sus principales determinantes. Se abordan las variables que explicaron las positivas cifras en ventas de autos nuevos este 2017…