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THE AUTO FINANCING MARKET IN CO OMBIA A mon vehicles and suto parts in Colombia were imported. vehicle prices were high by 2016 due to
THE AUTO FINANCING MARKET IN CO OMBIA A mon vehicles and suto parts in Colombia were imported. vehicle prices were high by 2016 due to persistent exchange rate devaluation Durable goods cow umpun whe also atfected by a continuous decrease in GDP from 4:17% in 201? to a projected maximum of 2% in 2016 Unemployment was increasing and tousehold borrowing was falling: For sia vears, total sales for the automotive industry decreased between 1vo and 2070 per year and the percentage of vehicle purchases financed by debt dropped from 6:% to 7% however, there had been strong si nals of recovery between july and December of 2016 partially explained by consumers finding lower interest rates and
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