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Banreservas Expomóvil 2026 automotive fair

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2026-11-02 00:39 UTC → 2026-11-02 04:02 UTC · added ~~removed~~

Banco de Reservas inaugurated Expomóvil Banreservas 2026, an automotive fair running from October 29 to November 1. Executive President Leonardo Aguilera announced special financing conditions, including interest rates starting at 6.85%, which the bank noted is significantly lower than the market average of approximately 13%. Benefits include financing for up to 90% of a vehicle's value, payment terms of up to seven years, and a 15% cashback incentive for certain reservation payments. During the event, Aguilera toured dealerships and distributors in La Vega, Moca, and Santiago to support the fair. On the final day of the event, Aguilera extended his visits to the Distrito Nacional, including dealerships such as Magna Motors, Delta Comercial, Santo Domingo Motors, César Motors, Viamar, and Auto Spot. He personally delivered keys to customers at various establishments across the Cibao region and the capital. Upon the conclusion of the fair, Aguilera reported that approved financing exceeded RD$9,985 million. The event generated credit applications totaling more than RD$30,000 million, marking a 20% increase compared to the previous year. More than 4,200 vehicles were financed, representing a 12% increase from the prior year. The financed units consisted of 70% traditional personal vehicles, 14% commercial vehicles, 10% used or semi-new vehicles, and 6% hybrid and electric models. Demographic data showed that 55% of financing requests came from individuals aged 25 to 45. Female participation reached 35%, a five percentage point increase over 2025. Geographically, the metropolitan area accounted for 42.2% of operations, followed by the Northern region at 34%, the South at 13.8%, and the East at 10%. Additionally, Seguros Reservas reported a nearly 20% increase in premiums during the activity, totaling RD$129.8 million.

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