Compact SUVs and full-size sedans drive growth, with Toyota and Kia dominating sales. #NewsismyBusiness
A study by Estudios Técnicos projects some 115,000 new cars will be sold in Puerto Rico in 2025. #NewsismyBusiness
Cumulatively through October 2024, demand for new cars was at 99,480 units. #NewsismyBusiness
Heading the list of vehicle segments that have sold so far this year are compact SUVs, sub-compact SUVs and sub-compact sedans. #NewsismyBusiness
Despite the downturn in sedan sales, growth was seen in the minivan and van segments. #Newsismybusiness
The first quarter of 2024 reached accrued sales of 29,336 units. #NewsismyBusiness
New auto sales in Puerto Rico jumped by 40.5% in September, when compared to the same month in 2022. #NewsismyBusiness
A total of 11,000 new cars were sold in Puerto Rico in August. #NewsismyBusiness
Inventory levels have improved substantially across most brands, the United Automobile Importers Group stated. #NewsismyBusiness
The trade group stated that April reflected “a substantial improvement based on a greater availability of new vehicles in most brands.” #NewsismyBusiness
Commercial vans and full-size SUVs see growth, while sports cars and compact pickups face declines amid inventory instability. #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 industry is still dealing with a shortage of production components.
The largest drop was confirmed in the fleet vehicle sales segment.
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