Guatemala: Motorcycle Fleet Quadruples in Ten Years

Of the 904,000 units registered to date, the so-called "work bikes" with engines of between 125-200 cubic centimeters represent 60% of the total.

Friday, July 18, 2014

Between 2005 and 2014 the number of registered motorcycles increased by 439%, going from 167,643 to 904,747, according to figures from the Superintendency of Tax Administration (SAT).

Of the total vehicle fleet in Guatemala, "... 34.3% are motorcycles, whereas in 2005 the proportion was 15.2%. Alongside the growth in the motorcycles, the proportion of cars in the total motor vehicle fleet has reduced from 30.9% to 23.2%. "

Roberto Alvarez, president of the Association of Importers of Motorcycles (Asim), and current manager of TVS, a brand of Indian motorcycles, noted in an article on that "... the growth was due to the ease of funding that banks started to offer and the entry of more brands competing in the market. 'About 90% of this market segment is sold with financing.' "

Amilcar Montejo, Head of the City Traffic Police, explained that "... the proliferation of motorcycles can be seen in activities such as personal transport, commercial transport, delivery of food, medicine, spare parts, messaging, billings, or services, such as motorcycle taxis."

Do you need more information about your business sector?

Request more information:

this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423

More on this topic

What Motorcycle Brands Are Leading in Mexico?

March 2020

It is estimated that at the end of 2019, 23% of the motorcycles circulating nationally were of the brands Honda, Yamaha, Suzuki, Vento and Bajaj.

The report 'Vehicle fleet in Mexico 2019', from the Trade Intelligence Unit of CentralAmericaData, provides details on the characteristics of different vehicles that travel through the streets of the Mexican states.

Motorcycle Fleet Figures in Mexico

December 2018

More than four million motorcycles are in circulation throughout the North American country, of which 45% are in the states of Mexico, Jalisco, Guanajuato, Michoacan and Quintana Roo.

Data from the report "Vehicle Fleet in Mexico 2018" compiled by the Business Intelligence Unit at CentralAmericaData, provides details on the characteristics of the different vehicles that transit the streets of Central American countries.

Motorcycles: Market Figures in Central America

June 2018

Last year the region imported $422 million worth of motorcycles, and 80% of purchases were made from companies in China and India.

Information from the interactive system Motorcycle Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData, [GRAFICA caption="Click to interact with graph"]

Diversification in the Motorcycle Market in Costa Rica

March 2014

With the entry of the Colombian brand AKT the motorcycle market in the country is diversifying and growing.

Unicomer Group, owner of the stores Gollo and La Curacao, will start selling AKT motorcycles, owned by the Colombian group.

Eduardo Córdoba, corporate business manager at Unicomer Group told "It's a new line of business, part of Unicomer Group's strategy, and responds to the regional market situation in Costa Rica where we detected an opportunity to meet the needs of a customer segment that has evolved in its consumption habits. "

 close (x)

Receive more news about Auto Industry

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Stock Indexes

(Apr 6)
Dow Jones
S&P 500


(Aug 3)
Brent Crude Oil
Coffee "C"