In recent years, the proportion of new imported vehicles compared to used ones has been decreasing. For the recent past 2021, the comparison was: of every five units, one was new and four used, the National Association of Vehicle Dealer Agencies reported yesterday (addive).
The union projects that the situation will remain in the post-pandemicin which there is a decrease in world production of new units and used ones increase in price.
He highlighted that in the United States, the price of some used models exceeded the future price of the same new model. And in the Dominican market, there were significant increases in vehicle prices, with a subsequent drop in sales.
In 2021 and the first quarter of 2022, the negotiations were reduced by nearly 40%, affecting the stability of the companies in the branch in the country.
“The lack of new cars in the market generates a price increase, due to the accentuation of demand, of medium-use cars, with a considerable increase in prices in international markets and the main auctions, which makes replacement more expensive. of inventories,” he said. addive in a document.
He added that the foregoing is accompanied by a disproportionate increase in the cost of sea freight.
“So the situation will not be recoverable in the short term. The forecasts are that the situation of scarcity and high prices will continue for the rest of 2022, until the industry stabilizes, ”he specified.
addivefounded in 1986, brings together three associations that make up 1,100 medium and small companies dedicated to the distribution and marketing of automobiles throughout the Dominican Republic.
It reported that 2020, due to the effect of the pandemic, was the year with the greatest drop in operations, which meant a percentage value of 17.95% new cars and 82% used.
“The pandemic produced a worldwide decrease in new units due to the reduction in the capacity of production plants and the lack of key materials, such as microchips, semiconductors and aluminum alloys,” he stressed. addive in your document.
He reported that in the first quarter of 2022, there is still a deficit of various models and brands of the emblematic automotive sector. Meanwhile, dealers replenish their inventories of used models from markets such as the United States, Japan, the European Union and Korea.
addive observed that the increase in the importation and commercialization of medium-use vehicles led commercial banks to open their financing portfolio to used units.
He estimated that there are 2,062,292 utility vehicles in the country for transportation, which means that there is one car for every six inhabitants in the Dominican Republic, when in other societies, such as Puerto Rico, they have one car for every three individuals.
the president of addiveCésar de los Santos, stated that these data “reliably express that in the Dominican Republic there is an unsatisfied demand for means of transportation at the service of the population.”
addive suggested to the government to continue applying the Agreement of Incentives to imports and the increase of fiscal collections, which allows a fair customs valuation through the application of the Depreciation Table for used vehiclesbased on the depreciation of new units of the same model and year.
considered that the industry used vehicles requires the application of a Special Simplified Taxation Regime to pay taxes in the General Directorate of Internal Taxes (DGII), of vehicles imported directly by dealers and that this entity recognizes as part of the Tax Administration, the customs facility granted by transparent way.
