Vehicles: New Reality, New StrategiesFocusing on increasing income from after-sales services and making alliances with banks to offer better financing conditions are some of the strategies that car dealers in Panama intend to implement in this new reality.Wednesday, May 20, 2020
Representatives of Ricardo Perez S.A., a Toyota brand distributor in the country, believe that because the purchase of a vehicle represents the second most important financial transaction in a family, the automotive sector will be seriously affected in this context of the spread of covid-19. Source: Prensa.com Do you need to understand the new commercial reality of the automotive sector? Contact UsNeed assistance? Contact us
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Used Cars: Demand in the New RealitySeptember 2020 During the first seven months of the year, 26,188 vehicles were imported to El Salvador, of which 18% were new units and 82% were used. Second-hand cars are still in demand in this new business scenario. Automotive Sector: Strategies in the New Business RealityMay 2020 Making alliances with factories, applying distance protocols at points of service and encouraging the use of digital platforms are some of the strategies that have begun to be implemented by new vehicle distributors in the region. Vehicles: Sales Would Fall 50% This YearApril 2020 Due to the crisis generated by the Covid-19, car dealers in Panama estimate that during 2020 the number of units sold could fall by almost 50% compared to the figure reported in 2019. Vehicle Repair: Business OutlookApril 2020 The sharp drop expected in the income of centers dedicated to providing general mechanical services for cars and trucks in Central America will be mainly explained by the drop in demand from end consumers and bus rental companies.
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