New Car Sales Rebound in Guatemala

In relation to 2009, imports surged by 12.6% and sales by 4.67%.

Wednesday, March 17, 2010

During 2010, according to the Superintendence of Tax Administration (SAT), 19.049 new cars were imported.

"As for new car sales, numbers from the Association of Vehicle Importers (AIDV) shows that in 2010 market dealers managed to place 19.813 units, 884 more cars than in 2009, equivalent to a 4.67 percent growth," published Prensalibre.com.



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Costa Rica Imported 26% More Cars than in 2015

June 2016

In the first five months of the year nearly 36 thousand vehicles came into the country, 26% more than in the same period in 2015 and 24% more motorcycles.

Of the 35,690 vehicles that entered the country between January and May 2016, 72% were new units, and the rest were used. In the same period, the country imported 32 thousand new motorcycles.

Automotive Market in El Salvador

June 2016

The vehicle fleet grew from 713,000 vehicles in 2010 to 925,000 in 2015, of which 70% were used vehicles.

In the Salvadoran vehicle fleet used vehicles predominate. Of every ten vehicles that came into the country in 2015, seven were used, the vast majority coming from the United States.

Import of Used Cars is no longer a Business

February 2014

During 2013 the import of used vehicles in Costa Rica declined by 45%, the biggest drop since the 2009 crisis.

Importing used cars has ceased to be a business in Costa Rica. Last year the entry of used vehicles into the country declined by 45%, the strongest decline since the 2009 crisis.

Guatemala: Initial Vehicle Registration Tax

May 2012

With COMIECO’s elimination of tariffs on vehicle imports, the First Registration Tax (Iprima in Spanish) on automobiles will be applied.

Sergio de la Torre, The Minister of Economy announced that now "Iprima can come into effect".

The official version, according Prensalibre.com, reads: "The Iprima was created with decree 10-2012, Tax Update Act to replace the import tariffs on vehicles, and the Ministry of Finance argues that the Iprima will eliminate discretion and gives legal certainty in order to define the basis for calculating the tax. "

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