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06 Sep 2019, Radoslav Yordanov, EMIS Editor

Colombia’s auto sales grow 8.7% y/y in August

Automotive sales in Colombia rose 8.7% year-on-year to 23.278 units in August, CEEMarketWatch reported citing figures released by the National Association of Colombian Business-leaders (ANDI). Sector’s sales also increased 1.8% m/m to reach its highest total monthly sales this year. 

Overall, vehicle sales expanded 5.4% y/y in H1 which, according to CEEMarketWatch, suggests that private demand could gain momentum in Q3 compared to H1. This source warned, however, that the high and rising unemployment might have negative impact on private consumption.

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Original source: CEEMarketWatch