New Cars: Road to the 160 Mil? Beauty While most optimistic projection (130 thousand) was not achieved, it it has overcome other which was considered at the beginning of the year. In 2010, 120.408 new vehicles sold in our country.
The figure, which is a historical record, exceeds 57% that of the very bad year 2009 (76.932), and 30% for 2008 (92.539), which ranked as the highest record . So he did know the Association of Automotive Representatives of Peru (ARAP).
Among the factors that explain such significant increase are the improvement of people's purchasing power, increasing credit facilities (loans increased more than 20%, reaching U.S. $ 466 million) and the wide diversity of supply with suitable vehicles for all needs and all available funds.
And starting this year has come to carve a new important factor: the ban on importing used cars. The same positive effect will the general reduction of tariffs and the corresponding by the Free Trade Agreement (FTA) signed with the United States. The latter allowed deduct immediately (in 2009) American vehicles more than 3 000 cubic centimeters (cc). The less than 3 000 cc, but are subject (under NAFTA) to a gradual reduction of 1.2 percentage points per year to only be completed in 2019, were benefited after the general tariff reduction from 12% to 9%, and recently, in January this year, with another 6%. These items are already being felt in the market, through lower sales prices. Similar
positive effect will then, without doubt, FTAs \u200b\u200bwith other countries that supply us with vehicles, such as Japan, Korea and China.
Another element which enters into force have a positive impact, is the famous Bond Chatarreo, which will promote the replacement of used vehicles with new ones.
One of the most interesting details that are obtained by analyzing the evolution of this market is that the provinces, which had previously been significantly behind in front of Lima, increasingly gain more importance in the total purchases, thanks to a higher growth rate than the capital. His purchases, which in 2003 represented only 7% of the national total in 2010 represent 22%. Another interesting detail is seen in terms of truck sales, which increased in 2010 no less than 60%. This is especially significant, considering that these cars is as productive tool.
The Metropolitan buses, examples of a park renewal. (Photo: RPP)
And 2011 has started well, then, according ARAP in January was 9.557 units sold, an increase of 33% compared to the same month last year. To keep that rate of growth over the year, closed with a total of 160 thousand. Do you reach this number? Some people think so, with the same conviction with which estimates that 2012 will be achieved one of 220 000. Araper prefer to be more cautious, anticipating a 15% annual rate, which would reach 200 000 new units in 2014.
However, although it met the most optimistic forecasts, compliance can not be because of the seven largest economic countries in Latin America, Peru continues to have the lowest figures since including Ecuador, with its 140 thousand units, beyond us. Needless to say, Chile and Colombia, or Argentina, Mexico and Brazil.
However, the figure would allow us a little closer to the levels of our neighbors and the situation is considered normal in the business, that the number of new vehicles built each year should equal 10% of the park vehicle. Since the Peruvian park is 1.8 million, probably from next year we can meet this recommendation fully.
Hopefully the numbers to continue rising in subsequent years at rates as high as those we have just seen, not only to leave the last in the subject dealt with here, but also to expand and modernize our fleet, as well as to increase the density cars / people, who to date is much lower than those of the leading countries in the region.
