Fair finances US$137.0M for 5,200 auto loans

Santo Domingo.- The State-owned Reservas bank’sauto fair held this weekend financed RD$6.3 billion (US$137.0 million) to purchase5,200 vehicles, to Sunday, the event’s last day.

Reservas general manager Simon Lizardo said thesuccess of the fair -Expomovil- reflects the population’s confidence and optimismwith the sustained economic growth and macroeconomic stability.

"This general picture of the Dominicaneconomy allows families and businesses to conduct transactions to purchasevehicles, with the assurance that economic indicators will remain unchanged andthat the economy steadily marches towards higher levels of growth anddevelopment," the official said.

Lizardo toured the various participating dealersin Santo Domingo Saturday and Sunday, to speak with their executives and withpotential buyers.

Since its start Friday the show drew manyvisitors to dealers and importers, which held the fair simultaneously in showroomsin major cities.

SUVs were the most purchased vehicles, followedby sedans and pickup trucks.