In Form Car Industry Closes Year On Positive Note

BMI's recently published Q406 Colombia Automotives Report shows an industry that continues to go from strength to strength. During 2006, the sector has enjoyed bumper sales on the back of a healthy economy and strong consumer demand. Industry majors such as General Motors have identified Colombia's potential as a strong production hub and moved to step up activities in the country. The sharp upswing in sales figures led BMI to raise its 2006 forecast to 180,000 units in the last quarter. We reiterate this figure for the final phase of the year, and maintain our production forecast of 40,211 units.

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