Compact SUVs and full-size sedans drive growth, with Toyota and Kia dominating sales. #NewsismyBusiness
Innovation, sales automation and the economic impact on the industry were discussed. #NewsismyBusiness
Despite the downturn in sedan sales, growth was seen in the minivan and van segments. #Newsismybusiness
Lexus achieved the best year in its history, placing second in the luxury segment. #NewsismyBusiness
Inventory levels have improved substantially across most brands, the United Automobile Importers Group stated. #NewsismyBusiness
The segments with the highest growth were compact mini, sport, pick up and minivan.
Last month, 8,076 units rolled off new car lots.
The demand during January and February totaled 21,524 units, which reflects a growth of 4.35% when compared to the same period in 2021.
The United Automobile Importers Group (GUIA, in Spanish) confirmed that Puerto Rico’s new car sales grew by 9.3% in June, when compared to the same month in 2020, with 11,636 units sold in comparison to the 10,648 new vehicles that rolled off lots in June 2020. “Given that June of last year was the first […]
Toyota de Puerto Rico reported year-end sales of 26,537 units of its Toyota and Lexus non-fleet vehicles, which company President George Christoff said exceeded 2020 expectations. Toyota kept its title of “#1 brand in the automotive industry in Puerto Rico” with a 30.1% market share. The best-selling cars were in the Yaris and Corolla family, […]
Puerto Rico’s new car market showed a deeper contraction than that of the U.S. mainland from March to May — the peak quarantine months to curb the COVID-19 pandemic — but the local market has recovered much faster since then, according to a study by Abexus Analytics. According to the firm’s research entitled “Economic Trends […]
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 […]
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 […]
Puerto Rico’s new car sales reflected a 13.2 percent year-over-year increase in February, the United Automobile Importers Group revealed. The group known as GUIA for its initials in Spanish, represents Puerto Rico’s automotive industry and keeps track of new car sales. February ended with a total of 7,720 units sold in Puerto Rico in contrast […]
Following a challenging year for the auto industry, automaker Toyota is heading into 2018 with optimism, betting on the quality of its products and services and the trust of its customers, to defy the new year.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA