Restricted Lending Will Stymie Full Autos Recovery

Rising consumer optimism and a robust economic recovery in Colombia - with 2010 real GDP growth forecast to hit 2.5% year-on-year (y-o-y), according to the country's central bank estimates - are setting the stage for 2010 to become the second best year on record for sales. BMI currently forecasts Colombian auto sales to reach close to 213,000 units by the end of 2010, marking a significant recovery from the 17% y-o-y fall in vehicle sales, to only 181,065 units, during

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