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."

Source: elnuevodiario.com.ni

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Regional Motorcycles Market Grows

May 2012

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.

Guatemala: Motorcycle Market Growing

October 2011

At the end of 2011, 84,000 bikes will have been sold, 33% more than in 2010, when 62,900 were sold.

In September alone motorcycle sales rose by 30% compared to the same period in 2010.

Antonio de Leon, marketing manager of Grupo Sikamotor noted that despite the increase, the market has not recovered to 2008 levels when a total of 88,300 units were sold.

Nicaragua: Sales Continue Downward Trend

May 2009

Due to the economic crisis, various sectors of the economy closed this March with lower sales than those in March 2008.

The data presented by the Superior Council of Private Enterprise (COSEP) reported a slowdown in sales during the first quarter when compared with the same period in 2008.

Vehicle Registration Down 50% in Honduras

March 2009

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."