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Thursday, May 5, 2011

Colombia april sales rise 35 pct

Colombia vehicle sales in April climbed 35% from a year ago, according to data released Thursday by industry group Comite Automotor.

Vehicle sales for April at the wholesale level totaled 24,364 units, eclipsing the 18,086 units sold in that month of 2010.

The number of units sold last month was fewer than were sold in February and March of this year, but the group said that is likely explained by Easter Week, which took place in April.

Through the first four months, 102,982 units were sold, compared with 67,762 units sold in that time period of 2010.

Last year was a record-breaker for vehicle sales in Colombia and 2011's numbers are on pace to set another full-year record in a climate of heavy spending by consumers.

The sharp increase in consumer spending led Colombia's central bank recently to revise upward its 2011 economic growth forecast to as much as 6%.

Comite Automotor's statistics cover more than 90% of the vehicles sold in Colombia, including buses, private vehicles, taxis and trucks.

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