► Light vehicle sales up 40.65% in Dec 2019

Sales of light vehicles —including cars, open-bed trucks, pickups, vans, station wagons, SUVs, and off-road vehicles— amounted to 14,397 units in December 2019, up 40.65% compared to the same month in 2018, the Automotive Association of Peru (AAP) reported on Tuesday.

Moreover, the December result is the best monthly growth since July 2012.

December sales resulted in a total of 151,997 sold light vehicles in 2019, a 2.42% increase over 2018, when sales declined by 9.32%.

"A result that puts the sector in the positive path and helps renew the vehicle fleet that is 13 years old on average," AAP highlighted.

The association stated that the recovery in sales of new vehicles in 2019 began to take shape in the middle of the year, when the rate of evolution turned upward after dropping consecutively for several months.

AAP explained that one of the important factors that influenced the positive behavior was the reduction of selective excise taxes on a certain vehicle segment.

Likewise, an improved performance of various economic indicators was observed during the second half of the year.🚗🚗