Between January and October of this year 56,976 new vehicles were registered in the country, 3.5% more than in the same period in 2015.
The growth rate in the first ten months of the year contrasts with the growth rate registered in September, which was 8%.
Of the total number of registered vehicles during the first 10 months of the year, 42% were regular cars, 3.7% luxury cars, 29% SUVs, 1.7% minivans, 2% vans, 14% pick ups, 2.3% buses, 3.4% trucks, and 0.40% were others, according to figures from the Office of the Comptroller General of Colombia.
Between January and August this year, 43,976 new vehicles were registered in the country, almost 8% more than in the same period in 2015.
Of the total number of vehicles registered during the first eight months of the year, 41% were regular cars, 29% were SUVs, and 15% Pick ups, according to figures from the Office of the Comptroller General of Colombia.
In the first half of the year registration of vehicles grew by 7%, driven by registrations of SUV vehicles, which grew by 18% and by pickup trucks, which grew by 35%.
Data from the Comptroller General of the Republic showed that in the first half of the year 33,164 vehicles were registered, of which 13,877 were regular cars, 1,424 were luxury cars, 9,568 SUVs and 5,111 pick ups,In addition about 2700 buses, trucks and other vehicles were registered.
Up to December 2015 4.429 more new vehicles were sold than in 2014, representing an increase of 7.3%.
Total sales of new cars in Panama grew by 7.3% up to December 2015, going from 60,306 new cars sold in 2014 to 64,735 sold last year, according to the National Institute of Statistics and Census (INEC).
Between January and August 2015 40.917 new vehicles were sold the country, almost 8% more than in the same period in 2014.
Data from the Comptroller General's Office indicates that the largest increases were recorded in sales of minivans, with a rate of 59.8%, and regular cars, whose sales rose by 10% in the period in question.
In 2014, 84 000 new and used vehicles were sold in Guatemala, Costa Rica and Nicaragua alone, and it is expected that 2015 will close with an annual growth of nearly 10% across the region.
While the region has generally shown an upward trend in the marketing of vehicles, mainly new ones, the characteristics of each of the countries, particularly with regard to access to bank credit, makes the behavior of the auto market different in each.
In the first half of the year 58,373 new vehicles came into the country, 75% used and 25% new, registering an increase of 33% compared to the same period in 2014.
Between January and June, more than 14,423 motor vehicles were imported than in the same period last year, with used cars recording the largest increase, with 43%, while the entry of new vehicles grew by 9.6%, according to figures from the Tax Authority (SAT).
High quality and well priced food and spirits are on the list of products for which demand has increased from Indian consumers with higher purchasing power.
From a statement issued by the Costa Rica Foreign Trade Promotion Office (PROCOMER):
The luxury market in India is growing, and it is estimated that by 2017 it will reach a value of $1.8 billion, showing a growth relative to the current level of $1.4 billion, with the categories of fashion, cars and food being the most dynamic. It follows a study by the Associated Chambers of Commerce and Industry of India, Assocham and Yes Bank.
4.7% of cars sold between January and November 2014 corresponded to the segment of luxury cars in Panama, where the italian company Ferrari expects to set up in March.
Among the brands sold in Panama are Jaguar, Cadillac, Lincoln and Volvo, other brands in the luxury range but with less demand in this market are Maserati and Lamborghini. Between January and November 2014 alone about 2,602 luxury cars were sold, according to the National Institute of Statistics and Census.
Between January and October this year more than 1,300 high-end vehicles were sold, equivalent to 5% of new car sales in the same period.
According to the Association of Importers and Distributors of Motor Vehicles, the bestselling luxurycar brands up until October of this year were: Audi, with 382 units, BMW, with 340 units sold, Land Rover with 127 units and finally Porsche with 104 cars.
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