New car sales plummet again in May, hitting lowest since 2009

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New car sales are still in free fall and in May they registered their lowest level since 2009 with only 8,681 units sold, a decrease of 72.2% compared to 31,204 units sold in the same month of 2019.

It is a business that, like many other activities, has been affected by the health crisis, which in addition to slowing down economic activity, has forced companies in the sector to minimize the operation in their sales rooms. In fact, in April new car sales had plummeted, reaching 8,906 units sold, a drop of 72.8% versus the same period of the previous year.

In any case, the number of cars sold in May was even lower than in April, reaching the lowest level since February 2009, when 8,108 vehicles were sold.

In its monthly report, the Chilean National Automotive Association (Anac) stated that “the results are in line with the evolution of the pandemic and are explained as a direct consequence of the measures that should have been adopted to contain the expansion of Covid-19 “Among which is the implementation of communal quarantines for a significant percentage of the national population, which has affected the national automotive industry since March.”

According to the report, 12 brands sold fewer than 10 units in the fifth month of the year. Among them, Mini, Dodge, Lexus and Jaguar stood out.

As for the sales segments, those that fell the most in the month compared to last year are passenger vehicles (-76.2%) and SUVs (-78.5).

Meanwhile, the regions in which sales decreased the most are Maule (-85.1%), Antofagasta (-79.9%), Metropolitana (-74.8%), Magallanes (-74.7%) and Valparaíso (-73.7%).

Regarding how the year will end, Anac indicated that the projections are permanently monitored and reviewed by his advisers who, the entity stated, “have warned that greater clarity should be expected on the impact and scope of the pandemic in the global markets and how these will affect the macroeconomic figures of Chile ”.

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