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.

Where new car imports are concerned, they fell by 59.75% during the first quarter of the year when compared to the first quarter in 2008.



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Guatemalans Prefer to Drive SUVs

January 2013

Between January and November 2012 Guatemalan dealers sold 24,697 new cars, 18% more than in the same period in 2011.

After the stagnation in new vehicle sales as a result of the economic crisis, dealers predicted closing 2012 with a sales increase of 14%.

"According to statistics from the Association of Importers and Distributors of Motor Vehicles (AIDVA) between January and last November dealers sold 24,697 new cars, an increase of 18 percent compared to the 21,000 units sold during the same period in 2011.

Utility Vehicle Sales in Guatemala Grow

June 2012

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.

In the first 5 months of 2011 1,820 new trucks were sold meaning that the figures for the first 5 months of this year show an increase of 62.6%, despite rising fuel prices.

30% Increase in New Car Sales in Nicaragua

July 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.

In 2009, unit sales fell by 50%, in the context of the global economic crisis. Recovery starting in 2010 recovery has now been confirmed in 2011 being spurred on by the growth of the Nicaraguan economy.

Guatemala: Sales of New Vehicles not Recovering

October 2010

Import of new vehicles has not recovered after declining by almost 50% last year.

Data from the Superintendence of Tax Administration (SAT) show that between January and September 2010, 12.660 new cars were imported. In the same period of 2009 the total was 12,781 units, while in 2008 the number was 21.496 units.

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