American manufacturers produce approximately 10 million units annually, which decreased to 8.8 million in 2020 due to COVID-19 restrictions. We work closely with auto dealerships and auto-part suppliers to provide our customers with the most up-to-date information regarding the industry in the United States and Puerto Rico.
Puerto Rico has always had a passionate automotive culture with an average of 90,000 new car units sold annually and over $1.6 billion in annual sales. This has always been reflected in the outsized role the automotive industry plays in its economy. This industry remains an economic leader in growth on the island, and as such, having the most up-to-date information is key in understanding Puerto Rico’s current economic conditions. Indicators for this industry include:
Total new car unit sales per maker and model in Puerto Rico
Total retail sales of motor vehicles new and used units
Total car loans in commercial banks and credit unions