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%.
32.381 vehicles where imported between January and October of this year, whilst 69.674 where bought in the same period of 2008.
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 first quarter of the year new car sales have grown by 21% compared to the same period in 2010.
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.
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