Guatemala: Car Imports up 20%

Between January and June this year 43,975 new and used units were imported, which is about 7,509 more than in the same period in 2013.

Monday, July 21, 2014

Imports of used cars grew by 24% going from 24,613 in the first six months of 2013 to 30,567 in the first half of this year, according to figures from the Superintendency of Tax Administration.

Nelson Escalante, secretary of the Union of Importers of used vehicles, told Prensalibre.com that "... this behavior is due to the fact that the Constitutional Court (CC) annulled paragraph 110 of Decree 10-2012, which prohibited the import of light vehicles over 10 years old. "

"...In the case of new vehicles there is also a recovery of 12% and in the first six months of this year 13,408 have been nationalized , which means an increase of 525 thousand units. In contrast, in the first half of 2013 11,883 cars were imported, which represents a drop of 19% compared with 2012. "


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More on this topic

Guatemala Buys More New Vehicles than Used

July 2018

During the first semester of the year the sale of 108,000 new vehicles was recorded, well above the 67,000 used units sold in the same period.

According to figures from the Superintendency of Tax Administration, between January and June 2017 and the same period of this year, sales of new vehicles went up by 28%, rising from 84,075 units to 107,949 units.

Guatemala: Used Car Trade is Growing

March 2017

Following a downward trend that occurred between 2009 and 2013, sales of used cars have now started to pick up, recording an increase of 35% in 2016 compared to 2015.

Distribution companies attribute the used car sales increase in the last two years to an increase in insecurity and loss of value of the dollar against the local currency. 

Restrictions Removed on Imports of Used Vehicles

June 2013

Guatemala's Constitutional Court has suspended the restriction on the import of vehicles that are more than ten years old.

The ruling upheld the constitutional appeal presented by the Union of Importers of used vehicles last year. "Subparagraphs (a and b) have been removed from the legal system and they will cease to have effect from the day following publication in the official gazette," explains the current resolution which also brings into effect an article which establishes that vehicles that are damaged or have been in a crash can not be imported.

New Vehicle Tax in Effect

July 2012

Guatemalan importers of used vehicles are contemplating filling a lawsuit, based on the inconstitutionality, against the First Registration Tax (known as Iprima) which came into force since on July 1st 2012.

Claiming that the tax is inequitable, in the course of this week the Union of Used Vehicle Importers, expects to file an appeal against three paragraphs of Article 109 of the Iprima Act.

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