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New vehicle sales fall 6.7% in Colombia

New vehicle sales in Colombia fell 6.7% year-on-year in November to 22,330 units, according to information from the Unique National Traffic Registry (RUNT).

Also in November 2020, 49,742 new motorcycles were registered, with a decrease of 10.6 percent.

In the accumulated to November, vehicle sales were 161,537 and 458,084, with a decrease of 30.6% in vehicles and 16.2% in motorcycles, compared to the same period of 2019.

Latin America is one of the regions most affected by the pandemic, the regional market has shrunk 31% and Colombia is no stranger to it; According to RUNT data, vehicle sales at the end of October decreased 33.3%, while countries such as Peru, Argentina and Brazil show a slight improvement although still in negative territory with falls of 31.3, 23.9 and 30.4%, respectively. , very low figures compared to Europe and Asia

On December 19, 2017, Colombian products, including automobiles, obtained preferential tariff access to the market of Mercosur, the free trade association made up of Argentina, Brazil, Paraguay and Uruguay.

This agreement, which entered into force in July 2004, created a South American free trade zone made up of 300 million inhabitants.

Vehicle sales

According to the Joint Industrial Opinion survey carried out by ANDI and the Monthly Trade Survey published by DANE, for the month of September the production of motor vehicles fell 54% and the trade of motor vehicles and motorcycles decreased 29.2% compared to the same period in 2019.

The five brands with the highest number of license plates in the month of November were: Renault, Chevrolet, Mazda, Nissan and Kia with market shares in the order of 23.0, 15.0, 8.6, 8.3 and 5.9%, representing 60.8% of the total registered vehicles in the penultimate month of the year.

 

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