New vehicle sales in Colombia fall 28.5% in 2020 due to COVID-19 pandemic

New vehicle sales in Colombia fell 28.5% year-on-year in 2020 to 188,391 units, the lowest figure in the last 11 years, as a result of the reduction in domestic demand due to the COVID-19 pandemic. The Colombian vehicle and motorcycle sector, which has 12 production plants and more than 16,000 points of service, sales offices and mechanic shops, represents 6.6% of the industrial Gross Domestic Product (GDP) and generates some 25,000 direct jobs, with 100,000 workers linked to its service chain.

Source: Reuters