Costa Rica: Car Dealers Announce Investments

Purdy Motor Company, Veinsa, Xiria Autos and Bavarian Motors announced investments for this year.

Monday, February 7, 2011

Purdy Motor company announced the opening of a new a workshop in Perez Zeledon, in addition to the recently opened in San Carlos.

"Bavarian Motors (BMW and MINI representative) recently opened a branch in Escazú. Flor Duran, responsible for corporate marketing, added that the company will soon unveil a BMW and MINI showroom east of the capital. She did not reveal the amount of the investment," reported Nacion.com

More on this topic

Central America: Automotive Market Grows 10%

July 2015

In 2014, 84 000 new and used vehicles were sold in Guatemala, Costa Rica and Nicaragua alone, and it is expected that 2015 will close with an annual growth of nearly 10% across the region.

While the region has generally shown an upward trend in the marketing of vehicles, mainly new ones, the characteristics of each of the countries, particularly with regard to access to bank credit, makes the behavior of the auto market different in each.

Prospects for the Automotive Sector in Panama

July 2011

Over the next four years it is expected that annual sales will average 42,000 vehicles, according to BBVA Research.

The prospects for the Panamanian automotive sector are positive considering the projected boom in income and economic activity. Over the next four years it is expected that annual sales will average 42,000 vehicles.

Grupo Tres Partners with Chilean Auto Industry

February 2011

Groupo Tres, with headquarters in Guatemala, agreed to a strategic partnership with the Gildemeister Group.

Through the partnership the companies will invest in the automotive sector in Central America and the Caribbean.

The article in Latercera.com includes statements by Ricardo Lessmann, President and CEO of the Gildemeister Group," At the Gildemeister Group we aim for expansion and growth in Latin America, and we've seen Guatemala and Central America as a region with a great opportunity for growth in the automotive sector."

Group Cofiño Stahl to Market Audi in Guatemala

June 2009

The business anticipates opening a new agency to assist clients in September.

The manager of sales, Jorge Vallendor, announced that next month they will present the 5-passenger Audi Q5 vehicle.

Roxana Larios writes in an article in Sigloxxi.com: "Starting this month, Group Cofiño Stahl will market Audi cars after the acquisition of Regesa, which is part of Continental Motors," reports the general manager of the Group, José Javier Casas.

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