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 SAT has announced that from January 2017, 42% of the commercial value of the vehicle will be applied when calculating the amount of import tax to be paid.
The taxable values for calculating the circulation tax on vehicles (ISCV) will not be changed.Abel Cruz, Indentent of Revenue, told Prensalibre.com that"...The new amendments, which will come into effect on January 1, 2017, refer to the SAT applyling 42% of the commercial value of the vehicle, a figure supplied by distribution companies."
A report entitled "Vehicular Fleet in Panama in 2015", shows that 70% of vehicles circulating in the country at the end of 2015 were cars, while only 5% were motorcycles.
Data from the report "Vehicular Fleet in Panama 2015" prepared by the Business Intelligence Unit at CentralAmericaData.com, points out that of all the vehicles on the streets of Panama at the end of 2015, 270 thousand units correspond to the years 2000 to 2009, while another 251,000 corresponded tovehicles which are six years old or less.
The government is assessing reducing from 8-7 the maximum number of years of age of vehicles which can be imported.
The aim of the Sanchez Ceren administration is to reduce the size of the vehicle fleet which is registered today in El Salvador.Figures from the Business Intelligence Unit at CentralAmericaData com at the end of 2015 show that 936.700 vehicles were registered in circulation.
In December 2015, 22% of the vehicles circulating in the countries of the region were between 1 and 5 years old, and 19% were between 6 and 10 years old.
The report "Vehicular Fleet in Central America in 2015," compiled by the Business Intelligence unit at CentralAmericaData com details the age of vehicles circulating in the countries in Central America.
Of all vehicles circulating in the country at the end of 2015, 63% were automobiles, 19% motorcycles, 13% light duty vehicles and 3% heavy load vehicles.
Figures from the report "Vehicular Fleet in Central America" prepared by the Business Intelligence unit at CentralAmericaData.com, indicate that 1.3 million vehicles were in circulation up to December 2015, of which 63% were cars.
It has been reported that the country's vehicle fleet grew by 8.4% in 2015 and reached a record 3 million units.
Statistics from the Motor Vehicle Fiscal Registry of the Superintendency of Tax Administration (SAT) published by Prensalibre.com, show that the vehicle fleet in the country reached 3,012,535 units of vehicles in February 2015, reflecting growth of 131% in 10 years.
In 2015 the import of new cars grew by 25%, led by sales of compact cars, and driven by an increase in purchasing power and greater access to credit on the part of Nicaraguans.
Between January and October 2015, Nicaragua imported 14,765 new motor cars, up from 11,860 in the same period in 2014, which represents growth of 25%, according to the Directorate General of Customs (DGA) of Nicaragua. Meanwhile, low cylinder cars, of between 800 and 3,000 cubic centimeters, were imported the most, increasing by 22.5%.
42% of the 8400 vehicles that entered the country in the first half of the year were sedans, followed by pick-up trucks, which accounted for 28%.
Vehicle imports in the first half of the year increased by 22% over the same period of 2014, when 6892 units came into the country, according to figures from the Nicaraguan Association of Motor Vehicle Distributors (Andiva). The most preferred cars among Nicaraguans were still sedan remains, above others such as SUVs.
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