Growing Preference for Small Motor Vehicles

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.

Thursday, September 28, 2017

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.

See also: "Guatemala: Figures on Vehicle Fleet 2016"

The average size of engines in trucks sold also fell in the last ten years, going from 4,324 cc in 2007 to 3,678 cc in 2017. 

When analyzing engines of the vehicles by type of fuel, there is a downward trend in the proportion of new diesel vans entering the Guatemalan vehicle fleet. In 2007 29% were diesel engines, while in 2017 that proportion was reduced to 15%.   

Another important aspect is the growth in the participation of hybrid - electric vehicles in the total vehicle fleet.  In 2013 the entry of 3 units was registered, while in 2016 450 vehicles of this type came into the country. Between January and July of this year alone, 237 units were added to the vehicle fleet. 

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Vehicles: Trends in Central America

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At the regional level, the number of interactions in the digital environment associated with SUVs, trucks, hybrid cars and microcars has increased in this context of new commercial reality.

Through a system that monitors in real time changes in consumer interests and preferences in Central American countries, developed by CentralAmericaData, it is possible to project short and long term demand trends for different types of furniture, products, services, sectors and markets operating in the region.

Guatemala: Figures on Vehicle Fleet 2016

May 2017

Of the total number of vehicles circulating in the country in December 2016, 35% were automobiles, 31% motorcycles, 22% light-duty vehicles and 7% heavy load vehicles.  

Figures from the report "Central American Vehicle Park", prepared by CentralAmericaData's Business Intelligence Unit, show that as of December 2016, 2.2 million vehicles were circulating in Guatemala, of which more than half were automobiles and motorcycles.

Guatemala: Car Sales Down

May 2017

The distributors' association reports a reduction of almost 4% in new vehicle sales for the first quarter of the year compared to the same period in 2016.

Jean Pierre Devaux, executive director of the Association of Importers and Distributors of Motor Vehicles (Aidva), commented to S21.gt that between January and March of this year "... 6 thousand 894 new units have been sold."

More Hybrid Cars in Costa Rica

February 2015

The tax exemption enjoyed by these vehicles is one of the factors driving their sales in the country, where three agencies are now marketing them and two are preparing their market entry.

Dealerships that have ventured into selling hybrid vehicles in recent years say the rise in sales is mainly due to these types of cars being exempt from vehicle restrictions in force in the country and because they only pay 10% of the selective consumption tax instead of 30% paid by conventional vehicles.

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