Economy September 30, 2019 | 7:48 am

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Autos sector tops US$2.4B in sales

Santo Domingo.-  The vehicles sector has become one of the strongest in Dominican Republic’s economy, with sales of RD$156.0 billion (US$2.4 billion) a year; selling 20,000 new and 122,000 used autos.

This sector accounts for RD$125.0 billion in auto loans and RD$7.7 billion in insurance policies.

Marlon Bonelli, president of the National Vehicle Dealers Association, said that Internal Taxes (DGII) figures show that in 2015, sales reached RD$130.5 billion; in 2016 rose to RD$147.5 billion and in 2017 jumped to RD$152.919 billion.

He said that by August 2018, sales figures registered a considerable increase.

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