Car Sales in Costa Rica Drop 50%

Faced with falling sales, agencies are counting on better financing offers both in interest rates and time.

Monday, March 2, 2009

Rodolfo Gonzalez wrote in the ElFinanciero website: "For example, the usual flat rate of 14% for the first year fell to 8.5% and 8.75% in several agencies (Disexport and Purdy Motors.)
Many of these deals expired at the end of February, but a more dynamic action is expected from the banks during “Expomovil,” which will take place from March 13 to 22, in which HSBC, Scotiabank, Bank of Costa Rica and BAC San Jose have already confirmed their participation."

More on this topic

Panamanian Car Sales Increase

October 2011

In the first nine months of the year new car sales increased by 26% compared to the same period in 2010.

According to the Automobile Dealers Association of Panama (ADAP), in September a total of 32,720 new cars were sold. Sector expectations are that at the end of the year the total amount of cars sold will be 44,000.

Expomóvil 2010 in Costa Rica

March 2010

From yesterday and until March 14th, 31 companies participate in the Car Show, located in Heredia.

It is the fifth edition of this car show, where companies showcase and sell vehicles.
Car and motorcycle dealers, heavy machinery companies and vehicle parts and accessories businesses are participating in the event.

Costa Rica hosts Expomóvil 2009

March 2009

Expomóvil 2009 will be held in La Ribera de Belén from March 13 – 22, with the presence of more than forty exhibitors.

Leticia Vindas wrote in the El Financiero website: "Some of the participating brands are Renault, Mazda, Nissan, Mercedes-Benz, Chrysler, Audi, Mitsubishi Motors, Suzuki, Hyundai, Citroën, Ford, Honda, Isuzu, Yamaha, Geely, BMW and Volvo.

Sale of automobiles slows in Panama

November 2008

Sales by the sector reflect the economic condition of the country. Next year, car sales will depend on banking policies.

This rate of growth, 33% of sales, is the lower than in 2007.

According to the Superintendence of Banks, 16 entities are competing to grant credit for cars in Panama and 4 are leading the sector.

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