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Colombian new vehicle sales drop in first half

Sales of new vehicles have dropped by 3.5 percent in the first half of 2017 compared to the same period last year, reports Colombian motorised vehicle association Andemos. With 113,000 vehicles sold between January 1st and June 30th, the market has contracted by 4,000 units. The decelerating economy, the stronger U.S. dollar, the higher credit cost and the weakened consumer confidence are believed to be the reasons behind the decline.

Looking at the individual brands, Chevrolet and Renault defend their number 1 and number 2 position, respectively. Nissan has pushed Kia from third position thanks to a 22.8 percent growth. Also progressing is Toyota, which saw its sales increase by 18 percent. Within the top 10, Volkswagen did even better, with an impressive 36.9 percent surge.

Amongst the premium brands, it is BMW that can pride itself on an unprecedented sprint: it sold 60 percent more vehicles (1,415) than in the first half of 2016, taking the crown from arch-rival Mercedes-Benz (1,343), which lost 27.1 perrcent. Remarkably, electric and hybrid vehicles were 30.1 percent less popular than in the first six months of 2016.

Picture copyright: GM, 2017 10/07/2017  |  Dieter Quartier

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