A Lot More New Cars in Nicaragua

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.

Tuesday, February 16, 2016

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%.

According information givent to Laprensa.com.ni by the Nicaraguan Association of Motor Vehicle Dealers (Andiva), "... of the 19,000 new units sold in all of 2015, 43% were sedan cars, 30% Pick Ups , 11% SUV's and the remaining 16% were between medium and large trucks and buses and minibuses. "

"... The Association of Importers of used vehicles also recorded an increase of approximately 14% in sales, explained the vice president of the union, Juan Carlos Zuniga. According to reports from the DGA, imports of used cars increased 7.5% between January and October 2015 compared to the same period in 2014, going from 5787 to 6226 units. Sales of motorcycles went up 28% in 2015 compared to 2014, according Andiva, with 55,000 units sold in 2015 ".

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Guatemala: Used Car Trade is Growing

March 2017

Following a downward trend that occurred between 2009 and 2013, sales of used cars have now started to pick up, recording an increase of 35% in 2016 compared to 2015.

Distribution companies attribute the used car sales increase in the last two years to an increase in insecurity and loss of value of the dollar against the local currency. 

Guatemala: Car Imports up 20%

July 2014

Between January and June this year 43,975 new and used units were imported, which is about 7,509 more than in the same period in 2013.

Imports of used cars grew by 24% going from 24,613 in the first six months of 2013 to 30,567 in the first half of this year, according to figures from the Superintendency of Tax Administration.

Record Growth in Car Sales

January 2013

In Nicaragua economic improvement has also translated into more sales of new and used cars, which grew by 25% and 6.4% respectively compared to 2011.

$300 million in imported vehicle sales was reported by the Directorate General of Customs up to September 2012.

Meanwhile, the Nicaraguan Association of Motor Vehicle Dealers, Andiva, reported that last year about 12,200 new vehicles were sold. The increase was 25%.

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.

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