Vehicle Sales: Optimism for 2020

After registering increases in the number of imported vehicles in November and December, car dealers in Costa Rica expect that this 2020 will reinforce the positive trend.

Monday, January 13, 2020

According to data from the Ministry of Finance in November last year, 4152 vehicles were imported into the country, a figure that exceeds by 12% that registered in the same month of 2018.

The bullish behavior extended to December last year, when 2,666 units were reported, which is 11% higher than the amount imported in the same period last year.

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According to Carlos Aguilar, executive director of the Association of Vehicle and Machinery Importers (Aivema), "... the sector had an improvement in the placement of new cars, mainly in the last quarter of the year. It is key that in 2020 we generate the stimulus that will give people confidence in the economy and reactivate consumption."

Also see "Car Brands: Figures at the Beginning of 2019"

Alex Alens, branch manager of Grupo Purdy Motor, told that "... The main adjustments and the uncertainty of the tax reform have already gone, and a stable behavior of the interest rates and the exchange rate is expected, which will be reflected in a better behavior of the credit."

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