Vehicle Imports Drop 62% in Guatemala

In May of 2009, 922 new vehicles were imported, 62% less than the 2,444 units imported over the same month of 2008.

Tuesday, June 16, 2009

In the first five months of the year, imports of new vehicles in Guatemala fell 45.2% compared to the same period of the previous year while used vehicle imports registered a decline of 18.76%.

According to Elperiodico.com.gt, "The total of 922 new imports in May is the lowest monthly figure in 8 years following the recovery of this indicator in April."



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Car Imports Drop 50% in Costa Rica

December 2009

32.381 vehicles where imported between January and October of this year, whilst 69.674 where bought in the same period of 2008.

The figures from the Treasury Ministry comprise all vehicles which transit in the country (buses, micro buses, vehicles and light cargo vehicles).

Car Imports Fall Due to Taxes

February 2013

Last January there were 3829 vehicle imports in Guatemala, 2,544 fewer than in the same month of 2012, in which 6,373 units were imported.

"In the case of used vehicles the drop reaches 45%, going from 4,238 units in January 2012 to 2351 during the first month of 2013", noted an article in Elperiodico.com.gt.

Guatemala: Auto Sector Growing

May 2011

In the first quarter of the year new car sales have grown by 21% compared to the same period in 2010.

Toyota, Audi and Nissan are just some of the brands whose vehicles sales have increased dramatically during the first three months of the year in Guatemala.

Although the earthquake in Japan affected the production of some plants, Toyota for example, as well as the distribution of paints and other supplies, it was not enough to affect the availability of vehicles in the country nor sales.

New Vehicle Tax in Effect

July 2012

Guatemalan importers of used vehicles are contemplating filling a lawsuit, based on the inconstitutionality, against the First Registration Tax (known as Iprima) which came into force since on July 1st 2012.

Claiming that the tax is inequitable, in the course of this week the Union of Used Vehicle Importers, expects to file an appeal against three paragraphs of Article 109 of the Iprima Act.

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