Puerto Rico’s auto industry skid into its seventh month of sales losses in August, when activity was down 20.1 percent in comparison to the same month last year.
Puerto Rico automakers sold a meager 6,324 units last month, representing a 21.3 percent year-over-year drop and marking the sixth consecutive month the sector has seen a reduction in activity, the United Automobile Importers Group said Tuesday.
The United Automobile Importers Group (known as GUIA for its initials in Spanish), raised a red flag Thursday over the unstoppable slide Puerto Rico’s auto sales have gone into over the past five months, a trend upheld in June, when activity was down 15.8 percent.