The representative of Grupo Visión of Nicaragua (motorcycle distributor), Luis Jarquín, attributed the decline to the global economic crisis and the domestic political situation in Elnuevodiario.com.ni.
In the article, " Jarquín said that 'many' people are returning their motorcycles or they are being repossessed due to non-payment. 'And they are not paying because they have been laid off. In Managua, the layoffs have been in free trade zones that have been closing and the impact of the crisis is already being noticed there,’ he said."
Unicomer group recorded an increase in sales of 160%, with 310.000 motorcycles sold throughout the region each year.
Sales in Central America and the Dominican Republic have experienced remarkable growth, judging by the results from various distribution houses due to a combination of favorable prices and credit facilities.
Automotive dealership Cofiño Stahl ventured into the motorcycle market after the collapse in car sales.
Car sales have decreased by more than 60% in the last year, forcing the sector to react and adapt. In the face of this situation, Cofiño Stahl, Chevrolet dealer, decided to enter the growing motorcycle market by importing and distributing the Chinese brand Genesis.
According to the DEI, there have been 100 vehicles registered per day since February, when it used to be 200.
Javier Turcos, from the tax authority(DEI), indicated to la Prensa of Honduras: "We are registering 50 private and 50 agency vehicles daily. It used to be twice that amount. The downturn has been noticed since February."
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