In Costa Rica, companies in the automotive sector predict that eventual abrupt increases in the price of the dollar would have a greater impact on the spare parts market than on the sale of vehicles.
Most of the vehicle distribution agencies in the country agree that if the exchange rate continues its upward trend, a negative effect could be seen on the automotive spare parts market, since these are products that are imported in dollars but sold in colones, the local currency.In the case of vehicles, which are marketed in dollars, most companies believe that the dollar price increase has not yet had a significant impact, but they are focusing on advising their customers on how to manage the foreign exchange risk when taking out a loan to buy a car.
Groupo Tres, with headquarters in Guatemala, agreed to a strategic partnership with the Gildemeister Group.
Through the partnership the companies will invest in the automotive sector in Central America and the Caribbean.
The article in Latercera.com includes statements by Ricardo Lessmann, President and CEO of the Gildemeister Group," At the Gildemeister Group we aim for expansion and growth in Latin America, and we've seen Guatemala and Central America as a region with a great opportunity for growth in the automotive sector."
The model was unveiled during the inauguration of the Autoshow being held at the Industrial Park.
The German Porsche brand of cars has proposed to sell no less than 80 of the model in the country, Thomas Startzel, Porsche president for Latin America, indicated as he announced that their new distributor in Guatemala will be the Los Tres Group.
The Guatemalan company Grupo Los Tres has announced that it has bought 10,000 square meters of property to build a new salesroom.
Group president Diego Cuestas says the new location of the salesroom will enable the company to diversify its operations in El Salvador.
The new building will be located on the corner with the Pan American Highway and Santa Elena Boulevard.