Between January and March of this year, 123,105 pre-owned light vehicles were sold, which meant a drop of 11.1% compared to the same period in 2023, according to Alberto Morisaki, manager of Economic Studies and Statistics of the Automotive Association of Peru (AAP). .
During March alone, 41,447 units were registered, according to data from the National Superintendency of Public Records (Sunarp), which implied 18.9% less than in interannual terms.
In Morisaki’s opinion, after the record of 607,482 pre-owned vehicles sold in 2022 – growth of 19% annually – the market has entered a period of normalization from 2023.
“At that time, an annual decrease of -18% was observed, a circumstance that would continue during the present. However, despite this decrease, transfers in the first quarter of 2024 exceeded the average observed for the same period in the pre-pandemic years,” he mentioned.
By 2024, they expect that with the improvement in economic conditions after the recession there will be greater dynamism in private consumption as a result of cheaper access to credit and lower inflationary pressures, added to the withdrawal of funds from the AFP and CTS, and thus , recover ground in the sale of pre-owned light vehicles because “the decline would gradually ease.”
Source: Larepublica
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