The 23,579 vehicles sold last September made it the best month in the growing market’s history.
Sales rose 30.6% year on year to 15,805 units, an unusual rise ahead of the November Bogotá motor show which is usually the time of automakers’ special offers.
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SUVs are the fastest growing growing segment with 55.5% YTD; followed by pickup trucks, 46.2%; passenger cars, 27.8%; vans, 25.1%; taxis, 13.1%; and buses-10.9%.
Locally assembled brands (Chevrolet, Renault and Mazda) have 40% market share while more than 40 imported brands share the other 60%.
Chevrolet leads with 59,636 YTD sales; followed by Renault, 25,348; Hyundai, 18,155; Kia, 14,382; Mazda, 9,791; Nissan, 9,218; Toyota, 8,754; Volkswagen, 4,724; Ford, 4,235; and Ssangyong, 1,613.
Assemblers have warned the government about their future in Colombia if it signs a FTA with Korea. The Korean economy is based on exports and Colombia embraces protectionism and, given that Korean automotive industry is considered one of the world’s most efficient so it can offer very competitive prices, this is a real threat.
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