The sale of light vehicles new ones reached a growth of 3.2% in Septemberwhich could represent the beginning of a change in trend in the sector, which in the last four months had a streak of successive falls.
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According to the Automotive Association of Peru (AAP), during the ninth month of the year, the sale of new light vehicles totaled 13,618 units, registering its third best result of the year. However, cumulatively for the year, sales fell by 11.7%, after adding 112,977 units.
“The trend behavior of the sale of new light vehicles has shown a turn in recent months, after registering a clear negative trend during the first half of the year. (…) due to a better performance of internal demand, particularly private consumption, and the slight improvement in some variables of the labor market,” said Alberto Morisaki, manager of Economic Studies of the Automotive Association of Peru (AAP).
According to Morisaki, the previous factors contributed to the recovery of the sector: the launch of new models, commercial campaigns, financing options, competitive prices, store openings.
Our expectation is that sales of new vehicles will continue to show a positive trend in the following months, based on the greater dynamism that the local economy would register during the third and fourth quarters of this year,” said Morisaki.
The expert stated that the automotive market would receive an additional boost thanks to the expansive monetary policy implemented by the Central Bank, which has been cutting its reference interest rate that would impact the cost of credit, benefiting families and companies.
However, he mentioned that despite the above, there are some risk factors that, if they materialize or intensify, could affect the forecasts.
“Among them is the increase in citizen insecurity, the implementation of populist measures by the Executive or Legislative branch, and the lack of credibility in economic management by the government, could disturb the recovery of business expectations and confidence. of the consumer,” he stated.
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