Cart prices have dropped significantly, making them more accessible to a wider range of people.

The car market in Colombia has experienced a significant decline, making car ownership more attainable for the general population. The high costs that previously hindered the dream of owning a car have diminished. In the past two months, inflation and the decrease in the value of the dollar have had a positive impact on the market, encouraging more people to consider purchasing used cars.

Interestingly, it is the middle and lower classes who have seen the most significant increase in car ownership. According to the Dane Quality of Life Survey, strata 1, 2, and 3 have the highest percentage of car owners. Although only 14.25% of households in Colombia currently own a car, the trend of periodic car replacement every four years, as observed by Fenalco Cundinamarca, is also prevalent among Colombians.

The dream of owning a car has become more feasible, particularly for those interested in buying used cars. Various brands offer used cars at attractive prices, and many of these vehicles have a good lifespan. For instance, popular models like the Renault Megan and Clio can be acquired for as low as $26 million, while the Mazda 6 and 3 can be negotiated around 27 and 29 million pesos respectively. Toyota also offers affordable options with the Corolla and Hilux models starting at 36 and 39 million pesos respectively.

In conclusion, with the current market conditions, it is a great time to seize the opportunity and purchase a quality car. Car ownership is no longer limited to the affluent, as prices have become more accessible to a wider range of buyers.