Puerto Rico new car sales up 38% Y-O-Y in July
August 11, 2020
Puerto Rico’s new car sales spiked by 38% year-over-year in July, with 10,595 units sold, the United Automobile Importers Group confirmed. Despite last month’s growth, so far this year, the industry has seen a contraction of 28.4%, the trade group known as GUIA stated. Segments reflecting the greatest jumps in July were vans, with an […]
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Puerto Rico new car sales grow slightly Y-O-Y in June
July 15, 2020
The United Automobile Importers Group, known as GUIA in Spanish, confirmed that Puerto Rico’s new car sales grew slightly in June, breaking with several months of negative results The sector reported 10,635 units sold in contrast to sales for the same month last year of 10,158, representing a slight increase of 4.7%. However, so far […]
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Study: Auto industry could see effects of COVID-19 for years to come
May 20, 2020
The global auto industry is facing an economic context that will affect sales processes and customer relations for years to come, according to a study by San Juan-based research firm Abexus Analytics. That trend will be no different in Puerto Rico, where new car sales have plummeted by 96% since the island went into lock-down […]
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Puerto Rico’s new car sales plummet by 96.2% in April
May 11, 2020
The United Automobile Importers Group confirmed that a total of 280 units new cars were sold on the island during the month of April, sharply contrasting the 7,352 vehicles sold during the same month a year ago. That represents a decrease of 96.2% for the month, and a reduction of 43.2% so far in 2020, […]
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COVID-19 emergency slams Puerto Rico’s new car sales in March
April 9, 2020
New car sales in Puerto Rico reflected a 66% year-over-year drop in March, slammed by the strict emergency measures in place to contain the spread of the coronavirus COVID-19 virus, industry officials confirmed. The United Automobile Importers Group, known as GUIA in Spanish, confirmed that 3,154 units were sold in March, compared to 9,309 new […]
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Puerto Rico’s new car sales nosedive in Jan. with -18.5% Y-O-Y drop
February 26, 2020
The month of January ended on a negative note for Puerto Rico’s automotive industry, which reported a year-over-year drop in new vehicle sales of -18.5%. The United Automobile Importers Group reported that 6,664 new cars were sold last month, down from the 8,172 sold during January 2019. One of the segments that suffered a significant […]
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Pep Boys expands P.R. footprint after parent co. buys Tecnicentros Mundial
February 12, 2020
Icahn Automotive, an Icahn Enterprises L.P. company, which owns and operates Pep Boys, has completed its acquisition of Tecnicentros Mundial, a six-location automotive service chain in Puerto Rico. The financial terms of the agreement were not disclosed. The Tecnicentros Mundial locations in Caguas, San Juan Centro, Río Piedras, Campo Rico, Dorado, and Ponce will be […]
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Sojitz de P.R. building $4M dealership in Plaza Las Américas to launch Genesis
January 24, 2020
Sojitz de Puerto Rico, parent company in charge of its distribution in Puerto Rico, announced the launch of its luxury car brand Genesis. The introduction to the local market is coupled with the construction of a $4 million dealership and sales office at the Plaza Las Américas shopping center, in the former Borders location. The […]
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P.R.’s new car sales drop 1.2% Y-O-Y in ’19, with 106,606 sold
January 23, 2020
Puerto Rico’s new car sales took a slight hit in 2019, when 106,606 units were sold, representing a 1.2% year-over-year drop when compared to the 107,941 vehicles sold in 2018, the United Automobile Importers Group announced. GUIA, as the trade group is known by its initials in Spanish, revealed last year’s results as well as […]
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New car sales show 5% Y-O-Y growth in November, trade group says
December 19, 2019
New car sales for the month of November totaled 10,503 in Puerto Rico, up 5% year-over-year from the 10,001 units sold in the same month in 2018, he United Group of Automobile Importers confirmed. GUIA, as the trade organization is known for its initials in Spanish, said, however, that new car sales so far this […]
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Hyundai inaugurates $700K parts and service warehouse
October 3, 2019
Hyundai of Puerto Rico announced the completion of $700,000 construction and expansion project for its parts and services warehouse in Cataño. The new space will be a key element in increasing the level of satisfaction and service that the brand offers to its customers, as it represents an expansion in the amount of parts inventory […]
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August new car sales dip 10% year-over-year, trade group confirms
September 17, 2019
New car sales in Puerto Rico took a 10% dip in August when compared to the same month in 2018, the United Group of Automobile Importers confirmed. The organization known as GUIA for its initials in Spanish, which represents the automotive industry in Puerto Rico, confirmed that August ended with a total of 8,236 units […]
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Weekend Wheels: 1st-ever Toyota Corolla hybrid model is both stylish and sassy
September 9, 2019
The Toyota Corolla, one of the automaker’s most iconic and enduring models, has made an unforgettable entrance in 2020 with a reimagined and reconfigured design that combines style and sass — offering something for everyone. During a recent weekend, this media outlet had the opportunity to test drive the Corolla XSE hybrid model — the […]
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P.R.’s new car sales on downward spiral in July, with 21.2% drop
August 19, 2019
The United Automobile Importers Group announced that a total of 7,631 new cars were sold in Puerto Rico last month, representing a 21.2% decrease compared to the 9,724 units sold during the same month last year. The trade group known as GUIA for its initials in Spanish, said the segments that saw the biggest sales […]
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Weekend Wheels: RAV4, Lexus UX Sport ’19 elevate comfort and performance
July 29, 2019
Driving a new car is always an exciting experience: the new car smell, the next-generation features and the sleek exterior designs that by and large evolve from year to year. Over the past few weekends, this media outlet has had the opportunity to test drive two vehicles, the Toyota RAV4 and the Lexus UX Sport, […]
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