GEVESA - Grupo Q Regional Alliance

GEVESA and Grupo Q have concluded the companies' merger of their vehicle sales operations and the new group's name will be Grupo Q.

Monday, September 6, 2010

Juan Federico Salaverría, GEVESA president, explained that legally they will continually to operate independently, especially with regard to suppliers. GEVESA, which distributes the Mazda, Peugeot and Ford brands will take a 30% share in the new combined business.

The expanded Grupo Q will manage 14 points of sale in six countries, employing 1,800 people and selling 18 different automobile brands. In 2010 it expects to sell 12,000 cars.

More on this topic

How Many and What Vehicles Are Circulating in Costa Rica

August 2016

Of all vehicles circulating in the country at the end of 2015, 63% were automobiles, 19% motorcycles, 13% light duty vehicles and 3% heavy load vehicles.

Figures from the report "Vehicular Fleet in Central America" prepared by the Business Intelligence unit at CentralAmericaData.com, indicate that 1.3 million vehicles were in circulation up to December 2015, of which 63% were cars.

The Automotive Boom in Panama

May 2013

The growth in the last three years is mainly due to easier credit by local banks and the economic growth that the country has been experiencing.

Data from the Transit and Transportation Authority (ATTT) reveals that in 2010 there were 550,000 cars circulating in Panama, while so far in 2013 the number has increased to 900,000, ie, in just three years over 350 thousand automobiles have been added to Panama's roads.

Panama: Figures for Automotive Market - 2015

February 2016

Up to December 2015 4.429 more new vehicles were sold than in 2014, representing an increase of 7.3%.

Total sales of new cars in Panama grew by 7.3% up to December 2015, going from 60,306 new cars sold in 2014 to 64,735 sold last year, according to the National Institute of Statistics and Census (INEC).

More and More Chinese Vehicles in Costa Rica

March 2014

Between 2009 and 2013 the number of Chinese vehicles in the Costa Rican Public Registry multiplied by 9.

In the last five years, Chinese vehicles went from 0.3% of new cars registered in the country to 2.2% in 2013, according to the National Registry Office. Brands such as BYD, Changan, Geely, Greatwall, JAC and ZAP, have been gaining ground in the Costa Rican market.

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