The union of dealers attributed the slowdown in sales of compact cars to increased traffic accidents and the consequent increase in the cost of insurance.
The Nicaraguan Association of Motor Vehicle Distributors (Andiva) last year estimated that insurance premiums for small and compact cars increased by 15%, due to growth in traffic accidents in the country.Because of this situation, the union estimates that at the end of 2016"... possibly we will reach the same number of vehicles sold in 2015 or perhaps a growth of 1%."
Suzuki S.A., Canella S.A. and Agencia y fábrica Honda S.A. are the three companies with highest number of commercial establishments dedicated to the sale of motorcycles, cars, and spare parts in the country.
In Guatemala 5,500 commercial establishments are registered in the automotive sector dedicated to selling vehicles, parts and replacements, 75% of which are concentrated in the department of Guatemala.
The biggest event in the automotive industry in Detroit is an opportunity for suppliers to interact with industry professionals from the leading companies in the industry.
A delegation of Nicaraguan investment advisors will be participating for the first time in the most important automotive event in Detroit, USA: Automotive Manufacturing Meetings 2016: “Mobility Innovation in the 21st Century”. This event to be held from November 15 to 17 will feature leading industry companies such as Ford, National Renewable Energy Laboratory, Panasonic, LEAR Corporation, United Technologies, among many others.
Grupo Q is investing $5 million in the construction of an automotive center of 4 thousand square meters, including an exhibition area and vehicle sales, parts and maintenance service area.
Representatives of the distributor of Nissan and Chevrolet, whose headquarters are in El Salvador, believe that the economic growth seen in Nicaragua in recent years has led to the arrival of new investments in different productive sectors. Carlos Enrique Quiros, commercial regional vice president of Q Group, told Elnuevodiario.com.ni that "... it is a good time to invest."
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The Municipality of the Central District is putting out to tender construction of a yard area for parking and maintenance of buses in the BTR system.
The Municipality of the Central District (CDMA), is inviting eligible bidders to submit sealed bids for the construction of a yard for parking and workshop for maintenance of buses in the BRT system in an area measuring 12,550 square meters located between the second and third entrance of the John F. Kennedy colony in Tegucigalpa.
The judiciary has authorized the auction of 56 vehicles, 70 motorcycles, one moped, 31 bicycles and auto parts.
On February 28 an auction will be held of 126 vehicles for disarmament in the Criminal Court of Peace of Esquipulas, Chiquimula. 56 vehicles, 70 motorcycles, one moped, bikes and 31 different auto parts will be auctioned.
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