Honduras government calls for bids on purchase of luxury vehicles

Banker Jaime Rosenthal Oliva says he knows about "some public institutions that are holding bids for purchase of luxury vehicles."

Tuesday, June 17, 2008

If the government is going to restrict luxury cars, it should be the first to eliminate its gas-guzzlers," he said.
"I think price restrictions are much more effective than legal restrictions," he added. "It seems right to me that we don't continue importing cars that use a lot of fuel, when there is a worldwide trend toward more fuel-efficient vehicles."
He said there is no use crying over spilt milk, "but we must recover a bit of lost time in different national investments." He said investment in the generation of hydroelectric energy should be a high priority.

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Luxury Cars in Guatemala

December 2014

Between January and October this year more than 1,300 high-end vehicles were sold, equivalent to 5% of new car sales in the same period.

According to the Association of Importers and Distributors of Motor Vehicles, the bestselling luxury car brands up until October of this year were: Audi, with 382 units, BMW, with 340 units sold, Land Rover with 127 units and finally Porsche with 104 cars.

Panama: Luxury Car Boom  

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The sustained growth of the Panamanian economy is boosting luxury car consumption, championed by high-end cars.

The increase in sales of vehicles in 2013 in the luxury segment is expected to be repeated in 2014, according to representatives of the brands. The union of distributors also expects an increase, although it is more cautious.

Sale of used vehicles in El Salvador drops

December 2008

The drop in growth is at around 25% so far in 2008 in comparison to sales from last year.

In order to deal with the crisis, the members of the Salvadoran Used Vehicles Importers' Association is planning and working and new group sales policies.

"We do not see another formula that we can use to deal with the crisis other than to join forces and seek new markets (before taxes) for imported vehicles in other countries, especially Honduras and Nicaragua," said the president of the Association, Alejandro Mohor.

Costa Rica's auto imports rise to 82,000 per year

June 2008

The high price of fuel has not frightened off the dream of Costa Ricans to own their own car.

Whether it's for work, for convenience or to deal with the shortcomings of public transport, every day more people are buying cars.
Las year the nation imported 82,000 new and used cars, almost twice as many as in 2005 (45,000). In 2006 59,000 vehicles were imported.

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