EXCLUSIVE: COLOMBIA: Car sales grow 1.8% in 2000
Only 60,360 new cars were sold in Colombia last year, a sales rate which would see the country's fleet replaced only every 30 years, writes Juan Carlos Vargas. 2000 was a tough year for Colombian vehicle assemblers and importers, who struggled to make a profit in a year when local currency devalued 16 percent against the U.S. dollar, inflation was 10 percent and unemployment reached 21 percent. But the main problem was consumer perception: the population is sceptical about the peace process with Colombia's guerrilla movement and reluctant to make major purchases.
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