Vehicle Sales Down by 38% in Guatemala
From January to March 2009 5,154 new cars were sold, compared with 8,356 units sold during the same period in 2008.
Monday, May 11, 2009
The economic crisis and credit restrictions are the main causes for the drop in new car sales, Brenda Montenegro, executive director of the Association of Importers and Distributors of Motor Vehicles (AIDV), told Prensalibre.com.
Between January and November 2012 Guatemalan dealers sold 24,697 new cars, 18% more than in the same period in 2011.
In the first 5 months of the year, importers sold 2,960 new trucks, an increase of 63% compared to the same period in 2011.
Although the numbers do not match those of 2007, a record year, in 2011 Nicaraguans are set to spend $112 million on new vehicles.
Import of new vehicles has not recovered after declining by almost 50% last year.
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