New vehicle sales are projected to decelerate as economic growth slows down. Lower interest rates could provide some relief for dealers. A robust supply of “off-leasing” vehicles will continue to put downward pressures on demand for new vehicles.
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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.
We have given a series of presentations on our new forecasts to different kinds of audiences, and the faces that I saw in the audiences and the questions that they asked gave me a sense of optimism, albeit combined with a great deal of caution.
Auto sales closed 2018 at 17.2 million units, virtually unchanged from the previous year. Robust economic growth has been the main driver of auto sales. Going forward, higher interest rates and a higher supply of “off-leasing” vehicles will exe…
Housing demand is already picking up, thanks to increased household confidence, job creation and lower interest rates. The accumulation of housing inventories stabilised, albeit above the historical average. On the other hand, a gradual acceler…
We maintain our 2018 vehicle sales growth projection (5.1%) despite the fact that the accumulated annual increase to July has been lower. The automotive fair and the improved performance of consumption in the second half of 2018 will boost this growth. The momentum of sales in 2019 will be even greater.
This presentation addresses the following topics: the Colombian automotive market: current characteristics and determinants of demand; recent evolution; projections for 2018-2019.
Apartments sales in Lima was reactivated in 2017 after a period of uncertainty related to the general elections, especially since the third quarter, when the economy began to show some signs of recovery. However, according to the number of purc…