Dominican Republic. Vehicle market up 1.3% in 2018

Dominican Republic Vehicles

Dominican Republic Vehicles market in 2018 reported a shy recovery. Indeed, after the previous year’s sharp drop, the market grew just 1.3% selling 21.300 units.

Economic Environment

The economy of the Dominican Republic grew by 4.6% in 2017, substantially less than the previous year’s 6.6% expansion. This loss of momentum is explained mainly by a slackening of domestic demand, particularly investment.

Construction and mining were the sectors that slowed most abruptly. The more active fiscal policy adopted by the Dominican authorities in the second half of the year fuelled a moderate increase in the central government deficit, which widened to 3.0% of GDP by end-2017

Market Trend

The Dominican Republic new vehicles market had reported a strong increase in the 2016, when the new all time record was established at 24.396 units. In the 2017 sales declined back at 21.425 units (-16%) and were more in line with the average volume in this decade.

In 2018, registrations reported a shy recovery. Indeed, the year ended with sales at 21.300, up just 1.3%.

Service Solutions

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