:quality(85)//cloudfront-us-east-1.images.arcpublishing.com/infobae/BVQS7UKROFG2RHBKXNONNV54BE.jpg "The automotive sector in Peru grew by 4.8% in 2022 thanks to the sale of trucks and buses 1")
In 2022, the automotive section in Peru, it reached a growth of 4.82%, driven by higher sales of vehicles such as SUVs, pickups and vans, as well as heavy vehicles such as minibuses, buses and semi-trailers , reported the Automobile Association of Peru (APP).
BCR estimates losses at USD 600 million due to fewer tourists arriving in Peru
The monetary entity has indicated that protests and roadblocks are hampering the arrival of foreign visitors to Peru, so in the first half of the year there will be a significant economic impact.
Similarly, the automobile union pointed out that the maintenance and vehicle repair automotive, both by demand from economic sectors and by the increase in repair, washing and disinfection services.
However, the APP clarified that the sale of parts, parts and accessories of motor vehicles due to lower imports, higher prices and freight.
AFP withdrawal: Invoices would provide access to funds of S/19,400 or S/14,800 this 2023
But what implications would they have on retirees’ funds in the future if further withdrawals were made. GlobeLiveMedia spoke with two economists.
“Similarly, the sale, maintenance and repair of motorcycles and their parts, parts and accessories have declined due to the normalization of the use of public transport and the reduction of delivery services”, the union said with data revealed by the National Institute of Statistics and Informatics (INEI).
Then, for this year, the AAP expects the National production It would have weaker growth than that seen in 2022. In addition to a serious downside bias due to various factors that were not on the radar of expectations a few months ago.
RBC concerned about economic impacts of social conflict in Peru
Scotiabank’s Economics Department expects domestic inflation in February to be somewhat higher than in January, due to rising average fuel prices, despite the recent cut in services. transportation and certain foods.
Among them is the increase in social conflict in a large part of the country, mainly in southern Peru, which has affected the normal functioning of various economic activitiess, and which in some cases has led to the temporary closure of important mining operations.
Similarly, the automobile union considers that in addition to the factors mentioned above, there are also the political uncertainty concerning a possible advancement of the general elections, which reduces the predictability of economic agents as to the future of the country, and which results in the deterioration of the index of business expectations and private consumption.
“In this sense, it is imperative that our authorities are able to reach a politico-social agreement with the population, which allows positions to be reconciled and gaps to be bridged, so that we can face a year 2023 which was already difficult even before, due to the worsening of the economic conditions globally,” the AAP noted.
The used car market continues to grow, exceeding four times the new vehicle sales in the country, AAP reported. In 2022 alone, more than 668,000 vehicle transfers from semi-new cars on a national level.
Meanwhile, last year, 177,543 new cars were sold, including 159,814 light vehicles, 15,311 heavy units and 2,418 minibuses and buses.