An analysis by Estudios Técnicos Inc. concludes that the implications for Puerto Rico are “multifaceted.” #NewsismyBusiness
Puerto Rico’s car dealers sold 7,209 new vehicles in August, representing a 5.9 percent year-over-year growth, the United Group of Automobile Importers said.
The United Group of Automobile Importers, known as GUIA, revealed Tuesday that some 7,162 new vehicles were sold in Puerto Rico in March, representing a year-over-year growth of 7.2 percent.
The United Group of Automobile Importers, an organization that represents the Puerto Rico automobile industry, predicted Tuesday that this some 77,000 new cars will be sold this year on the island, marking the third consecutive year of decreased activity.
Oriental Auto, a division of Oriental Financial Group, and FirstBank made back-to-back announcements this week of their support of the auto industry, partnering with them to open new dealerships this week.
Puerto Rico’s auto sales continue to take a beating this year, with 9.3 percent fewer units leaving dealerships in February, when 7,166 cars were signed away to their new owners.
Automotive industry executive Luis Otero-Díaz, who has 14 years of experience with a number of luxury brands, has been appointed to the helm of Jaguar Puerto Rico.
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