Electric Cars: Good Expectations for 2020

New models, better financing conditions and increased imports of used units would boost the sale of electric vehicles next year in Costa Rica.

Wednesday, October 23, 2019

Danissa, Q Group, BMW and Laudreni Auto, agencies in the country dedicated to marketing electric vehicles, estimate that between 2019 and 2020 their combined sales will increase by 45%, from 342 to 497 units.

You may be interested in "Electric Cars: Who Are the Potential Buyers?"

Alesandro Di Palma, director of marketing at BMW, told Nacion.com that "... year after year they notice an increase in the number of people interested in the i3 model, which is reflected in the fact that 20% of the total requests for information they receive are about that vehicle."

Also see "Auto parts: Market Figures in 2018"

The article adds that "... In the case of Laudreni Auto - Autos Santa Elena have more than 10 used models of brands such as Nissan, Chevrolet, Ford, Fiat, Kia and BMW, with a range ranging from 135 km to 450 km in a price range of $15,000 to $39,000. The company expects to sell between 25 and 30 units this year, a figure that would be maintained next year."

The increase in the supply of this type of vehicles is combined with the fact that the state-owned Banco Popular, Banco Nacional and Banco de Costa Rica will offer attractive conditions in the country in their lines of credit for the purchase of electric transport units.

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More on this topic

Vehicle Sales: Optimism for 2020

January 2020

After registering increases in the number of imported vehicles in November and December, car dealers in Costa Rica expect that this 2020 will reinforce the positive trend.

According to data from the Ministry of Finance in November last year, 4152 vehicles were imported into the country, a figure that exceeds by 12% that registered in the same month of 2018.

Slow Down in Vehicle Sales

July 2018

Entrepreneurs in the sector have stated that the phenomenon affects Costa Rica exclusively, since at the global level prices of automobile sales are maintaining an upward trajectory.

According to statistics from the Ministry of Finance in Costa Rica, 5,835 new and used units came into the country in the first five months of the year, which represents a 16% drop compared to the same period in 2017.

Growing Preference for Small Motor Vehicles

September 2017

Currently, the average engine size of new cars sold in Guatemala is 1,485 cc, while in 2011, the average size was around 1,625 cc.

Figures from CentralAmericaData's report entitled "Central American Vehicle Park" show that between 2011 and 2017, the average engine size of the vans sold in Guatemala was also reduced, as in 2011 average engine capacity was 2,962 cc, while in 2017 this figure is around 2,419 cc.

Luxury Cars in Guatemala

December 2014

Between January and October this year more than 1,300 high-end vehicles were sold, equivalent to 5% of new car sales in the same period.

According to the Association of Importers and Distributors of Motor Vehicles, the bestselling luxury car brands up until October of this year were: Audi, with 382 units, BMW, with 340 units sold, Land Rover with 127 units and finally Porsche with 104 cars.

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