In 2015 55,000 motorbikes were sold and importing companies plan to increase sales by 11% during 2016 to reach 62,000 units.
An article on Elnuevodiario.com.ni reports that "... Sales of these vehicles in the Nicaraguan market reached a volume of 55,000 units in 2015, representing the best commercial result since 2008 and an increase of 23% compared to 2014, according to the Nicaraguan Association of dealers of Motor Vehicles (Andiva). Another piece of data that confirms the dynamism of the motocycle sector is the Survey Measuring Living Standards 2014, which revealed that motorcycle ownership increased from 2% in 2005 to 11% in 2014, achieving growth of 513% between those years."
There is scope for increasing the number of vehicles per thousand inhabitants, which currently stands at 132.
A study by the World Bank ranked Panama as being in ninth place in a list of countries with the most cars from across the region. In the first 11 months of 2013, the automotive sector sold 51,569 vehicles, 6,086 more than in the same period of 2012, according to statistics from the Panama Dealers Authority (Adap).
Between January and October 2013 car dealers sold 46,983 new vehicles, more than the 6,379 cars sold in the same period of 2012.
The top selling brands include Hyundai, Toyota and Kia. The first had a growth of 9% between January and October, while Toyota and Kia sales increased by 23% and 35% respectively, compared with the previous year.
At the Andiva Fair held on 20 to 24 November 1200 cars were sold, almost double the amount reported in 2012.
In terms of trade this sector of the economy generates up to $400 million a year.
According to Alvaro Rodriguez, vice president of the Nicaraguan Association of Motor Vehicle Dealers (Andiva), the event's success is due in part to the banks which took part offering credit facilities with low interest rates and quick credit approval.
Distributors expect that at the end of 2013 a record will be broken when they register sales of 14,000 new cars.
Laprensa.com.ni reports: "The stabilization that the industry has experienced in recent years has been driven in part by attractive financing rates and the various marketing strategies which have been carried out."
One of the strategies is the trade sector fair Andiva Motor Show produced annually by the Nicaraguan Association of Automotive Vehicle Dealers (Andiva). In 2013 the sector expects 5% growth in sales, reaching 14,500 new vehicles, said Rafael Lacayo, president of Andiva.
In the first eight months of 2013 36,189 vehicles were sold, 4,848 more than in the same period of 2012.
The data was supplied by the Comptroller General of the Republic.
Laestrella.com.pa reports that "the best sellers were in the category of sedans, coupes and trucks with a total of 16,473 units sold (22% more than in 2012). They are followed by SUV's with 10,762 units (up 12%) and pick-ups with 4,769 units sold in August (16%) ".
How I can sell more? Why aren’t customers buying from me? Am I losing out?
Any entrepreneur or executive needs to perform permanent and constructive self-criticism by asking questions such as "How I can produce and / or sell more? Why aren’t customers buying from me? Am I losing out ? ", so says Juan Vega Gonzales, director of PROMIFIN, a program sponsored by the Swiss Cooperation in Central America.
Businesses described profits as "robust" and declared total sales of $110 million in 2011.
The pharmacy business experienced significant growth in 2011, earning $110 million, an increase of 22% compared to the $90 million earned last year, said the president of the Nicaraguan United Pharmacy Association, (AFUN in Spanish), Alberto Lacayo.
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