Motorcycle Sales: Optimism in Guatemala

After 198,000 motorcycles were sold in the country in 2019, local businessmen forecast that during 2020 the number of units sold could increase between 12% and 17%.

Friday, March 6, 2020

Data from the Association of Motorcycle Importers (Asim) indicate that on average 16,500 motorcycles are sold in the Guatemalan market per month, but only in February 2020 sales exceeded 19,000 units.

See "Cars and Motorcycles: Market Share in the Region"

Gerson Rosales, sales manager at Motoshop VRC, explained to that "... last year was positive for the industry and that the same projection is expected for this year. The youth segment is the one that is increasing the most in the acquisition of motorcycles, because it is a fast, agile and safe means of transportation."

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César Amézquita, general manager of Asim said that "... the three causes that are driving the marketing volumes are safety, speed to reach the destinations because of the traffic and fuel savings. There is a migration of people who stopped using public transport and another who replaced the daily use of their car with a motorcycle."

According to the interactive report "Vehicles in Central America", from the Trade Intelligence Unit of CentralAmericaData, more than half of the motorcycles circulating on the streets of Guatemala are of the Suzuki, Honda, Bajaj, Yamaha and Italika brands.

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Automotive Market: Outlook for 2020

March 2020

Although in 2019 worldwide vehicle sales fell by 3 million units, in Guatemala distributors project that this year local sales could grow between 5% and 10%.

According to Fitch Ratings risk data, at the end of last year reported a significant drop in vehicle sales globally, a decline that was induced by the contraction of the Chinese market.

Vehicle Sales: Optimism for 2020

January 2020

After registering increases in the number of imported vehicles in November and December, car dealers in Costa Rica expect that this 2020 will reinforce the positive trend.

According to data from the Ministry of Finance in November last year, 4152 vehicles were imported into the country, a figure that exceeds by 12% that registered in the same month of 2018.

Vehicle Fleet: Motorcycles Gaining Market

August 2019

In recent years, the number of motorcycles in Guatemala has increased by 13%, from 1.33 million units registered in July 2017 to 1.5 million reported in the same month in 2019.

According to data from the Tax Registry of Vehicles of the Superintendence of Tax Administration (SAT), up to July 2019 the country's active vehicle fleet registered 3.76 million units, of which 40% corresponded to motorcycle type vehicles.

Costa Rica: Motorcycle Sales Slow Down

February 2017

The union of importers of motorcycles has reported that in 2016 sales grew by 19%, lower than the 23% increase achieved in the previous year.

Figures from the Association of Motorcycle Importers (Aima) indicate that last year 67,736 units were sold, 19% more than what was sold in 2015, but lower than the 75,000 units that the union planned for this year.

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