The car sales They continue to fall in Colombia at the rate of the economic slowdown. In June, vehicle registrations reached 14,435 units, which represents a 38 percent drop compared to the 23,323 registered in the same period of the previous year.
Despite the fact that sales have fallen in every month of this 2023, this is the steepest of the year. The May reduction was 30 percent, April 33 percent, March and February 17 percent, and January 20 percent.
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According to data from the Single National Traffic Registry (Runt) and calculations from the National Association for Sustainable Mobility (Andemos), vehicle license plates have presented a sustained decrease since August 2022.
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Except for Mazda and Ford, which rose 155 and 17 percent respectively, all of the Top 10 car brands fell in June.
Renault-Chevrolet-Mazda
Falls by car brands
except Mazda and FordRising 155 and 17 percent respectively, all of the Top 10 car brands fell in June.
Toyota led in sales with 2,315 units but fell 16 percent compared to June 2022.
The same thing happened to renault which is located in second position by selling 2,042 units; however, there was a 59 percent drop compared to the same period of the previous year.
Brands such as Chevrolet (-49 percent), KIA (-27 percent), Nissan (-37 percent), Suzuki (-74 percent) also fell.
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Car sales by brand in June:
Units and YoY Variation (%)
1.Toyota 2,315 -16.6%
2.Renault 2,042 -59.6%
3.Mazda 1,762 155.0%
4.Chevrolet 1,619 -49.9%
5.KIA 1,262 -27.1%
6. Nissan 744 -35.6%
7.Suzuki 663 -74.6%
8.Volkswagen 474 -69.3%
9.Ford 426 17.0%
10. Hyundai 339 -32.2%
By vehicle segment, the car fell 57 percent in June compared to the same period of the previous year, the pick up fell 33 percent and the taxi 10 percent.
And by cities in Bogotá sales fell by 29 percent, in Medellín by 32 percent and in Barranquilla by 60 percent.
Projections and market challenges
Oliverio García, president and founder of Andemos
In the first semester, sales totaled 90,869 units, which represents a reduction of 32,980 units.
Given this situation, Andemos projects that at the end of 2023 the market will reach 198,410 units.
The Opinion Survey of the Automotive Sector carried out by Andemos reveals that various factors are affecting the performance of the market, such as: the economic slowdownto, the decrease in consumer confidence indices, the exchange rate, prices, inflation, access to credit and interest rates.
According to the guild that leads oliver garciaAnother conjunctural factor that has negatively impacted the sector are the delays in the emission certification procedures (CEPDs) and as of next month the uncertainty will be added about the impact of the entry into force of the technical regulation for tires, which has generated a high concern for businessmen in the sector.
“The automotive sector contributes 160 billion pesos in chained added values, including 35.5 billion pesos in direct and indirect collections for the State, and generates more than 400,000 direct and indirect jobs only in commercial and industrial activities. Therefore, a contraction in sales has negative effects on the entire chain of related activities, due to its multiplier impact on the chained value-added models, employment, and State revenue,” they point out from Andemos.
García called on the National Government to provide support in the paperwork and certification processes to prevent them from adding to the structural demand problems currently facing the sector.
