If the current trend is consolidated, the year 2023 could record a record of purchases in the automotive market.
The sale of vehicles 0km It grew by 15% annually in October, and if the current trend is consolidated, the year 2023 could record a record of purchases in the automotive market.
The October data was reported by the Automotive Trade Association of Uruguay (ACAU)which recorded some 5,637 units sold, 15% higher than what was recorded in October 2022.
In the breakdown, a 12% year-on-year drop is seen in one of the main categories, passenger cars. However, the sale of utility vehicles grew by 68% compared to the same period of the previous year, and positively boosted the total figure for the month.
The current sales dynamics of new vehicles predict that the year 2023 will be one of the best in recent times, and that it would only be behind what was the transaction record of 2013.
So far this year, between cars, SUVs and utility vehicles, 45,636 units have already been shipped by dealerships, that is, 21% more than sold during the same period last year. Among the main factors for the increase in sales, a price of the dollar wholesaler that remains retracted behind the 40 peso range, as well as an increase in real salary.
The BCU has already granted credits for 550 million dollars for the purchase of automobiles
Based on information from Central Bank of Uruguay (BCU)it can be corroborated that credits for the purchase of automobiles, most of them in Indexed Units (UI)have already totaled 550 million dollars, levels much higher than what was recorded in the years before the pandemic.
Regarding the growth in SUV sales, sellers highlighted the arrival of new models in the segment to the country as one of the main motivations for buyers.
Source: Ambito
