Less new car sales this year

[NewsWhore]

New car dealers are expecting an important decrease in sales, given the pattern over the past two years. According to the Association of Vehicle Manufacturers Concessionaires (ACOFAVI), the 2006 sales figure of 27,500 new car sales is expected to fall to 24,000 in 2007. During the first two months of the year, sales are off by 11% compared to the same period from 2006. However, in December of 2006 record sales were reported. According to Enrique Fernandez, the executive director of ACOFAVI, the main cause for the cooling off of sales is that in December many people pushed forward their purchases out of fear of a price increase with the "fiscal correction." He discarded the possibility that people were waiting for the DR-CAFTA to reduce prices of new vehicles. According to Fernandez, less than 10% of the new cars coming into the DR are from the United States.

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