The Colombian auto market has retained its growth curve in October by posting sales of 20,900 units, up 13.3% compared to September, a month which also grew 39% above August. Data source: Andemos
The Andemos said this recovery is due to the increase of procurement for “safe transportation” as well as reopening of the economy and ending of personal isolation.
According to Andemos, if no new measures requiring isolation are taken, then the reduction compared to 2019 will be around 30%
Source: Autodata Read The Article
PSR Analysis: As we stated in our Q3 2020 update forecast, Colombia is one of the countries most severely affected by COVID-19. It is very good to know that Colombia is restarting its growth cycle. PSR
Fabio Ferraresi is Director-Business Development-South America, for Power Systems Research
