Automotive Industry latest publications
Most sectors have slowed markedly. Lower growth in 1H19, inertia defines the pattern of state performance.
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.
A recent BBVA Research study shows that the likelihood of buying a car declined during the crisis, and has barely gained momentum in recovery.
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.
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.
New vehicle sales are projected to decelerate from 2018 levels. Robust economic growth has been the main driver of auto sales, but affordability is deteriorating while the impact of previous tax cuts is diluting. Going forward, higher interest rates and a higher supply of “off-leasing” vehicles will exert downward pressures…
Did you buy an automobile in 2018? If so, was this a decision you'd considered in advance? Or were you encouraged to do so by ads from manufacturers and distributors with eye-catching discounts, driven by the new emissions approval cycle known as WLTP, which came into force in September?
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 exert downward pressures on demand for new vehicles. Retailers are expected to focus…