Costa Rica Imported 26% More Cars than in 2015

In the first five months of the year nearly 36 thousand vehicles came into the country, 26% more than in the same period in 2015 and 24% more motorcycles.

Monday, June 27, 2016

Of the 35,690 vehicles that entered the country between January and May 2016, 72% were new units, and the rest were used. In the same period, the country imported 32 thousand new motorcycles.

The appreciation of the colon against the dollar, access to bank credit and new promotion strategies in car dealerships are some of the reasons behind the increase. 

In the motorcycle market, there was an increase of 24% in imports, with the entry of 32,308 units between January and April this year being recorded. Importers and distributors projected closing 2016 with sales of 70,000 units.

Erick Xirinachs, regional commercial director of Hyundai, Corporation Group Q, told Nacion.com that   "... The Costa Rican market has had several years of very good performance in terms of the number of units sold and average replacement in different segments.'The health of the US economy, interest rates, a good economic climate in the country and the relatively stable fuel prices are, among other things, some of the factors that favor purchases'."

Allan Sime, commercial director of Purdy Motor Costa Rica, "... explained that in the last Expomóvil event, the company launched eight new generations of vehicles. 'The demand for new cars has been steady and has benefited from attractive bank loans'. "

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More on this topic

Central America: Automotive Market Grows 10%

July 2015

In 2014, 84 000 new and used vehicles were sold in Guatemala, Costa Rica and Nicaragua alone, and it is expected that 2015 will close with an annual growth of nearly 10% across the region.

While the region has generally shown an upward trend in the marketing of vehicles, mainly new ones, the characteristics of each of the countries, particularly with regard to access to bank credit, makes the behavior of the auto market different in each.

Guatemala: 33% More New and Used Cars

July 2015

In the first half of the year 58,373 new vehicles came into the country, 75% used and 25% new, registering an increase of 33% compared to the same period in 2014.

Between January and June, more than 14,423 motor vehicles were imported than in the same period last year, with used cars recording the largest increase, with 43%, while the entry of new vehicles grew by 9.6%, according to figures from the Tax Authority (SAT).

Costa Rica: Record Imports of New Cars

February 2015

34,000 new cars came into the country in 2014, the highest figure in the last ten years, leaving used cars imports far behind, having registered a total of 18,000 units.

At the end of 2014, 52,344 new and used vehicles were imported, representing an increase of 12% compared to the previous year.

Who Sells More Cars in Costa Rica?

January 2012

Grupo Q claims that it has won first place in Costa Rica, with its sales of the Hyundai brand, but Purdy Motors, with the Japanese Toyota says it maintains its leadership in sales.

The engines are roaring with contention after the importer Grupo Q, from El Salvador, announced that with its auto sales of the Korean brand Hyundai in 2011, it has become the number one seller in Costa Rica.

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