NewsWhore
07-26-2011, 03:20 PM
The Association of Manufacturers Concessionaires for Motor Vehicles (Acofave) reported that new car sales are 10% lower than a year ago. They said, moreover, that despite the constant fuel price increases, SUV sales had increased by 44.66% in the first six months of the year and 4% over the last twelve months.
The executive vice-president of Acofave, Enrique Fernandez, attributed the fall in general sales to the increase in bank lending rates. He said Dominicans continue to prefer SUVs given the poor condition of many of the roads and the flooding that occurs during the rainy season.
He said that the association members had sold just over 8,500 new vehicles in the first half of the year, compared to just under 9,500 last year. The auto dealer spokesman noted that the import of used vehicles was nearly twice the number of new car sales.
More... (http://www.dr1.com/index.html#8)
The executive vice-president of Acofave, Enrique Fernandez, attributed the fall in general sales to the increase in bank lending rates. He said Dominicans continue to prefer SUVs given the poor condition of many of the roads and the flooding that occurs during the rainy season.
He said that the association members had sold just over 8,500 new vehicles in the first half of the year, compared to just under 9,500 last year. The auto dealer spokesman noted that the import of used vehicles was nearly twice the number of new car sales.
More... (http://www.dr1.com/index.html#8)