Sale of used light vehicles grew by 11.4% in the first quarter

In the first quarter of this year the sales of used light vehicles maintained their growing behavior by reaching 162,354 units, a figure higher by 11.4% compared to the same period in 2021 and 36.9% compared to the same period in 2019, reported the Association Peruvian Automotive (APA).

According to the AAP, this dynamism in transfers means that today, for the sale of each new light transport, an average of four units of used light vehicles are sold, when in 2018 the average was three used units sold for a new one.

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“This behavior occurs in a context of increased employment levels in the country, as a result of the reactivation of economic sectors that had been lagging behind as a result of capacity restrictions and curfews, and therefore the need to mobilize.”, said the Automotive Association of Peru (AAP).

Additionally, the automotive union indicated that the greater availability of digital platforms for the purchase and sale of used vehicles has favored the increase in this type of operation.

For the following months, the AAP considered that the performance of the used vehicle market will be conditioned by various factors that will determine the dynamism of our economy and the labor market.

“Among these, the most relevant are the purchasing power of the population in a scenario of high inflation, internal political uncertainty, social conflicts, and bottlenecks in global supply chains.“, accurate.

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