Auto sales up 13% from January to June

Lack of materials for the production of cars has led to a long delay in the supply of new units through dealerships, which affected new car sales, which fell compared to last year.

According to the Automobile Association of Peru (AAP), in the first half of 2022. car transfer. From January to June, 322,368 operations were performed, which is 13.2% more than in the same period last year.

Statistics show that in the last five years, with the exception of 2020, there has been a constant increase. 217,649 transfers were made in 2018 light vehicles, and in 2019 there were 232,512. In 2020, there were 126,052 of them, and last year they reached 284,749 people.

According to the analyzed figures, the automobile union indicated that for every new passenger car sold, there were four used cars. Similarly, when comparing the result of the first half of the year with the same period in 2019 (pre-pandemic year), there is an increase of 38.6%.

As a result of the lifting of restrictions, many people are returning to work in person and need a vehicle, according to the AAP; however, delays in delivery by dealerships discourage customers and they opt for used cars.

What happened?

Some unforeseen in delivery of new cars and therefore longer waiting times for new car delivery, in addition to more companies in the automotive sector entering the business and digital platforms that make it easier to both sell and buy used cars.

“The behavior of this market in the second half of the year will depend on the performance of employment and income of the population, which are based on the dynamism that private investment represents in a country for which market forecasts are negative,” the guild ended.

Law making it easier to sell used cars as payment

Through Law 30536, the government facilitates the sale of vehicles by individuals by delivering used vehicles as part of the payment thanks to VAT reductions for these transactions.