Guatemala auto sales down in tandem with slowdown in economy
Sales of automobiles in Guatemala in the first four months of the year were 6.3 percent down on the same period of 2007, in tandem with a slowdown in the economy.
Tuesday, June 3, 2008
The Association of Vehicle Importers and Distributors said 10,910 units were sold from January through March, down from 11,645 in the 2007 period.
In February 2009, 1,156 new cars were imported, a drop of 61.5% when compared to the 2,927 new cars imported in February 2008.
99,000 vehicles came into the country in 2014, of which 30% were new cars and 70% used ones.
From January to March 2009 5,154 new cars were sold, compared with 8,356 units sold during the same period in 2008.
Although the numbers do not match those of 2007, a record year, in 2011 Nicaraguans are set to spend $112 million on new vehicles.
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