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.



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Guatemala: Car Imports Up Over 15%

February 2015

99,000 vehicles came into the country in 2014, of which 30% were new cars and 70% used ones.

Compared to the figures reported in 2013, imports of new cars grew by 11% and used cars by 17%.In 2014, the month registering the highest number of new imported vehicles was November, with 3,264, while for used vehicles it was December, with 2846. Car sales rose by 8.2% compared to 2013.

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.

Vehicle Sales Down by 38% in Guatemala

May 2009

From January to March 2009 5,154 new cars were sold, compared with 8,356 units sold during the same period in 2008.

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.

Automobile Imports Down 61% in Guatemala

March 2009

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.

With regard to used vehicle imports, the decrease during the same period was 31.5% because 5,613 units were imported in February 2009 and there were 8,200 during the same period in 2008.

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