The registration of passenger cars in January decreased by 12.7% over the same period last year, reaching a volume of 101,630 vehicles. This decrease has two basic reasons.
The first is “cyclical” generated by the advancement of operations for the purchase of vehicles from the highest segments, which occurred in December, as a result of changing tax levied from January 1 this year with a tax rate exceeding vehicles emitting more CO2.
The second cause is more “structural” and responds to a decline in private consumption and the overall performance of the economy.
The evolution of demand from individuals and companies in January showed a decrease of 16.2% while buying rental market increased by 39.6% over the same period.
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