Car Imports Drop 50% in Costa Rica

32.381 vehicles where imported between January and October of this year, whilst 69.674 where bought in the same period of 2008.

Tuesday, December 8, 2009

The figures from the Treasury Ministry comprise all vehicles which transit in the country (buses, micro buses, vehicles and light cargo vehicles).

Elfinancierocr.com reports: "Additionally, a market report conducted by Grupo Q revealed a drop of 53% across all six vehicle categories for the same period".



More on this topic

Importers Demand Lower Taxes for Used Cars

July 2013

Sellers of used cars in Costa Rica believe there is discrimination in the way the Ministry of Finance estimates import taxes on cars.

According to Jose Carballo, president of the Costa Rican Automotive Chamber, the industry complains that 52% is charged for new vehicles, while used cars which are over six years old are charged 79%.

Used Car Imports Plummet

December 2012

Affirming the downward trend of recent years, the number of used cars imported into Costa Rica in 2012 was 30% less than in 2011.

The main reason given for less cars being imported in 2012, only 27,000, 8,100 fewer than in the previous year, was a drop in new car prices following the Japanese crisis.

Central America Trades Less with the World

September 2009

For the first half of the year, regional exports dropped 13.5% while imports diminished 28.9%.

From January to June 2009, the region exported $1.54 billion, 13.5% less than the same period of 2008, and it imported $6.84 billion, 28.9% less than in 2008.

While trade between countries of the region didn't drop, it slowed down, going from growth rates of 25.2% to 16%.

Vehicle Imports Drop 62% in Guatemala

June 2009

In May of 2009, 922 new vehicles were imported, 62% less than the 2,444 units imported over the same month of 2008.

In the first five months of the year, imports of new vehicles in Guatemala fell 45.2% compared to the same period of the previous year while used vehicle imports registered a decline of 18.76%.

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