New automobile sales on the rise www.gogo.mn
The Mongolian Automobile Distributors’ Association /MADA/ reported that its dealers saw an increase in sales of 40 percent in the first quarter of 2018, selling 610 automobiles, with more than 70 percent of those sold being SUVs.
This represents a 45 percent increase in SUV sales as compared to the same period in 2017. The country’s economic recovery is considered to be one of the main factors in the increased demand.
According to MADA, the number of new automobiles imported grew by 35 percent over last year, totaling 732 automobiles. On the other hand, the number of used automobiles imported decreased by 12 percent.