Armored Vehicles in Guatemalan Elections

It is expected the 2011 elections to be the most violent in years, leading to increased demand for security products.

Tuesday, November 23, 2010

Armored vehicle companies report increases of up to 70% compared to last year. The service is demanded by businessmen and also by leaders of political parties, who require high-level armor capable of withstanding assault rifles.

The country´s insecurity is forcing about 600 vehicles a year to be shielded, the Guatemalan state being a major customer, just the Ministry of Interior has requested 67 contracts with two companies for a total of $ 948,000, reports

The article also indicates that rental business for armored vehicles has grown 50% compared with 2009.

More on this topic

Armored Cars Increase

February 2009

Upon growing insecurity and violent crime in the region, the protection offered by bullet-proof cars is sought more and more.

According to the report by Fernando Quiñónez in Siglo XXI, "The insecurity that Guatemalans perceive and that of some foreigners in their countries of origin has caused an increase in the demand for cars with the bullet-proof option."

The Business of Armour Plating Cars

August 2015

Insecurity has meant an increase n the number of firms in the industry, and now they are focusing not only on the segment with the highest purchasing power, but on a new growing market consisting of traders and business managers.

Between $12 thousand and $40 thousand is the cost of amour plating a car in El Salvador, where growing insecurity has resulted in the emergence of a new market segment.

Guatemalan Business Leader Murdered

April 2009

Khalil Musa, 74, was the owner of the Lacetex S.A., a textile company and former director of business associations in Guatemala.

The businessman was attacked by motorists while he was in a vehicle with his daughter, who also died in the incident.

Musa integrated the board of directors of the Chamber of Industry between 1991 and 1995 and he also formed part of the board of directors of the National Coffee Association and the Association of Exporters of Guatemala.

Insecurity Costing Us More and More

May 2010

Paying for armed custody, satellite tracking and “tolls” to armed gangs are some of the additional costs that must be paid when transporting goods in Central America.

Some transportation companies state that $14.000 must be paid each year in security related costs for a single truck carrying goods within the Central American region.

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