Sales of vehicles in Colombia were affected by protests and roadblocks in May. Because of the protest, dealers were closed and vehicles are blocked at the ports of Cartagena and Barranquilla. Even with the reduction from April to May, when 14,700 units were sold, below the 18,000 in April, the YTD result in 2021 is 50.2% better than 2020.
Source: AutoData Read The Article
PSR Analysis: The recovery of the Colombia economy, seen in light of the vehicle market, is faster than expected, even with the continued health crisis due to the pandemic and the social and politic problems. For the full year, there is a significant amount of uncertainty with a bias for increase in the forecasts. PSR
Fabio Ferraresi is Director-Business Development, South America, for Power Systems Research
