Costa Rican Vehicle Sales Slow Down

In the first half of 2017, the Treasury department recorded the entry of 27,315 units, 10% less than the 30,290 registered in the same period last year.

Tuesday, August 8, 2017

Although several vehicle distribution agencies claim to have recorded increases in their sales during the first half of the year, in general the market has decelerated compared to the same period in 2016.  

See also: Vehicle Fleet in Costa Rica in Numbers


Elfinancierocr.com reports that "...A reflection of this situation is the drop in imports of new vehicles in the first six months of the year.   The General Directorate of Finance registered the entry of 30,290 units (transport of people and goods) up to June 2016, while the figure for June 2017 was 27,315, a decrease of 10%."

See also "Costa Rica: $1 billion in Financing for New Vehicles"

"...  Representatives of brands such as Toyota, Chevrolet, Ford and Nissan recognize that the auto sector in general has experienced a decline and do not visualize that the situation will change in the second part of the year.  Why will not it change?  According to the firms, they will be affected by aspects such as exchange rate volatility, less aggressive financing conditions and a pre-election year."

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More on this topic

Red Numbers for the Automotive Business

January 2019

Costa Rica, Panama and Nicaragua are the Central American markets which reported reductions in sales of new and used vehicles during 2018.

According to figures from the Ministry of Finance of Costa Rica, from January to November 2018 imports of new vehicles totaled 31,008 units, and used vehicles 17,134 units, registering falls of 12% and 23% respectively compared to the first eleven months of 2017.

Panama: Sales of New Cars Up 4.7%

August 2014

In the first seven months of this year 33,245 new vehicles were sold, which is 4.7% more than in the same period last year, with Toyota, Hyundai and Kia's being the best-selling brands.

During the first seven months of this year 33,245 new vehicles were sold in the country, 4.7% more than the 31,745 units sold between January and July 2013, maintaining the dynamism of previous months.

Panama: Automotive Boom Continues

May 2014

In the first four months of the year 18,000 new cars were sold, 10% more than in the same period in 2013.

With the sale of 4,797 new vehicles between January and April 2014, Toyota ranks as the best-selling car brand in the country. In second place is Hyundai, with 3,245 units and in in third place Kia, with 2,917 vehicles sold.

Guatemala: Auto Sector Growing

May 2011

In the first quarter of the year new car sales have grown by 21% compared to the same period in 2010.

Toyota, Audi and Nissan are just some of the brands whose vehicles sales have increased dramatically during the first three months of the year in Guatemala.

Although the earthquake in Japan affected the production of some plants, Toyota for example, as well as the distribution of paints and other supplies, it was not enough to affect the availability of vehicles in the country nor sales.

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