Central American auto dealers battle for sales

Auto dealers in El Salvador and Guatemala are facing a slump in sales of new cars this year. In Honduras and Nicaragua sales are flat, and only Costa Rica and Panama report higher sales.

Wednesday, July 9, 2008

Distributors are engaged in a promotions war to attract buyers and increase sales.
Offers to buyers include zero down payments, interest-free credit for the rest of the year, fuel credits of up to 2,000 dollars, forgiving interest payments up to 1,265 dollars, monthly payments of just 31 dollars a month, and gifts of appliances and television sets.

More on this topic

Excel Automotive Expands in El Salvador

September 2010

The Excel Automotive car dealership opened its new headquarters in the Department of Sonsonate.

The new complex offers integrated services which include sales of new vehicles, maintenance and part sales.

Andres Poma, National Manager of Excel Automotive, told Laprensagrafica.com, "The complex is located one block from the railway monument and has a total area of 2.520 m² of which 548 m² are workshop services.

Excel Automotive Expands in Panama

March 2009

The Panamanian car distributor, Excel Automotive, opened its third branch in the country.

According to Laestrella.com.pa, "Excel is the automotive division of Grupo Poma of El Salvador and it acquired the Mitsubishi distributorship in Panama."

The manager of the automotive company, Ricardo Cuellar told the media: "We have decided it is time to begin to grow and we are taking a step toward what will be sustained growth with this third branch."

Report AIECE Working Group on Foreign Trade

November 2008

The financial crisis is still spreading and deepening and is making inroads on the real economy.

Forecasting is always “work in progress” but the exceptional situation today makes it feel like shooting at a moving target from a ship on the high seas. The forecasts of the Working Group were prepared at the beginning of October, starting off from data supplied by member institutes, prepared somewhere in the third quarter.

Global Coffee Deficit Predicted

March 2014

In the period 2014/2015 demand for coffee will exceed supply due to lower levels of grain production in Brazil.

The next coffee crop cycle will be the first since 2009/2010 in which a deficiency will be registered in the market as an overall deficit of 612,000 bags of coffee is foreseen. "2014/2015 will see the lowest level of production since 2011/2012 and the largest annual percentage decrease since 2009/2010."

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Pyramid is a global leader Market Research & Consulting firm, specialized in Communications, Media and Technology (CMT) as well as in Emerging Markets.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
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