Guatemala: New Car Sales Up 27%

The first months of 2014 show that the industry is recovering from the decline in sales in 2012/2013 caused by the entry into force of the first registration tax.

Wednesday, April 2, 2014

An article in Prensalibre.com reports that José Javier Casas, general maanger of Cofino Stahl and president of the Union of Motor Vehicle Importers (Aidva) noted that "... In 2013 25,789 units were sold, in 2012 27,028 were sold; however, we predict that this year will close with an increase of 10%. According to Casas, this would mean about 30 thousand units being sold. Is expected that this will be achieved in the medium term and that they will beat the record of 2007, when 36,000 new cars were sold. "

The Tax Authority, also recorded growth in the import of new cars, "... slightly higher than 28.55%, up from 3,404 to 4,376 " in the first two months of 2014.

"... Among all vehicles sold in the local market, pickups were the most in demand, as they are a working tool and according to Casas, this is the most important segment. In second place were SUV's (Sport Utility Vehicle), usually known as farm trucks, followed by passenger cars or sedans. "

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