Sale of used vehicles in El Salvador drops
The drop in growth is at around 25% so far in 2008 in comparison to sales from last year.
Monday, December 22, 2008
In order to deal with the crisis, the members of the Salvadoran Used Vehicles Importers' Association is planning and working and new group sales policies.
After a fall of 60% in automobile sales in 2008 compared to 2007, in 2013 32,300 new units came into the country, confirming a recovery in the sector.
The growth in the last three years is mainly due to easier credit by local banks and the economic growth that the country has been experiencing.
4,939 new cars were sold during that month, 46% higher than the same period of 2009.
Decreases of 31% and 28% were reported in April and May respectively when compared to the same months last year.
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