Group Excel Foresees Sale Increases for Chinese Cars

Since October of 2008, the automotive company has been marketing the Chinese brands of Chery and Wulling in Costa Rica.

Thursday, June 18, 2009

The commercial manager of Excel Automotriz, Adolfo Rubí, indicated that the company estimates an increase in the sales of these brands in the coming years.

El Financiero gathers in its web portal more comments from the manager: “...Vehicles of Chinese brands will face processes similar to those faced by Japanese, Korean, and Europeans brands in the past. There wasn’t a lot of knowledge about those brands, but they later obtained significant shares of the market."

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According to the Automobile Distributors Agency Association of Panama (ADAP), since the beginning of the year, sales have been reporting decreases; 28% in January, 18% in February and 12% in March.

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February closed with the sale of 2,769 new cars, but 3,394 units were sold during the same period in 2008.

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In the first four months of the year 18,000 new cars were sold, 10% more than in the same period in 2013.

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