Colombia Autos Report 2014 - New Study Released

From: Fast Market Research, Inc.
Published: Fri Dec 20 2013

BMI forecasts vehicle sales in Colombia to decrease 3.2% in 2013, due to a 3.4% expected decline in the passenger car segment and a 2.9% drop in the CV segment.

In 2013, BMI forecasts a 13% drop in vehicle production on the back of a 15% decline in passenger car manufacturing and a 9.8% fall in CV output.

A number of international auto manufacturers currently produce vehicles in Colombia. General Motors (GM), based in Bogota, has an annual capacity of about 100,000 units and assembles some GM Korea vehicles from complete knock-down (CKD) kits. Renault, based in Medellin, with an annual capacity of 80,000, assembles CKD kits bought from Turkey, France, Spain and Brazil. Mazda Motor, also based in Bogota, with a capacity of 15,000 units annually, builds up the 2, 3 and BT50 pickup trucks. German automaker Daimler's subsidiary Daimler Colombia operates a CKD assembly facility in Bogota, producing the Mercedes-Benz Atego 1016 and Thomas Built EF 1723 bus chassis. Further, GM is currently building a stamping plant in Bogota to make and export the body sections of the Aveo Sonic.

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