Guatemala: 33% More New and Used Cars

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.

Thursday, July 16, 2015

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).

Elperiodico.com.gt reports that "... Roberto de León, a member of the Union of Importers of used vehicles, said that the economy is still growing despite the corruption scandals and more and more young people are looking to buy a car there. Demand is what drives this market, said De Leon. Although Japanese cars are still preferred by consumers, all brands are imported, including luxury ones. "

"... The vehicle fleet up to June this year totaled 2,848,521 units, according to the SAT about 1.3 million are concentrated in the department of Guatemala. Motorcycles are the fastest growing sector with 1.2 million. "

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