Recovery of Cars' Sales in Costa Rica

After 2013 recorded a decrease of 3.4% compared to 2012, sales of new and used cars from January to September this year increased by 6% compared to the same period last year.

Monday, October 13, 2014

Elfinancierocr.com notes that "... The Association of Importers of Vehicles and Equipment (Aivema) recorded that, in nine months, 27,161 units have been sold, including cars, pick up trucks, sports vehicles, vans and light trucks; 60 different brands in over 26 dealerships. In the same period in 2013, 25,609 units were sold. "

Importing and distributing agencies reported more newer vehicles than used ones were sold, for example, "... 3009 used cars came into the country in September versus 1,677 new vehicles... with significant growth in the segment of compact versions ."

"... At the end of 2013, 98,410 new cars were registered, 953 less than in 2012, while that year there was an increase of 10.53% in first time inscriptions."

Data from the Ministry of Finance confirmed this trend. "... From 2012 to the present more new vehicles than used ones entered the country. However, statistics from January to August for the last three years show a downward trend in relation to the amount of this type of cars entering the country. "

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More on this topic

Red Numbers for the Automotive Business

January 2019

Costa Rica, Panama and Nicaragua are the Central American markets which reported reductions in sales of new and used vehicles during 2018.

According to figures from the Ministry of Finance of Costa Rica, from January to November 2018 imports of new vehicles totaled 31,008 units, and used vehicles 17,134 units, registering falls of 12% and 23% respectively compared to the first eleven months of 2017.

A Lot More New Cars in Nicaragua

February 2016

In 2015 the import of new cars grew by 25%, led by sales of compact cars, and driven by an increase in purchasing power and greater access to credit on the part of Nicaraguans.

Between January and October 2015, Nicaragua imported 14,765 new motor cars, up from 11,860 in the same period in 2014, which represents growth of 25%, according to the Directorate General of Customs (DGA) of Nicaragua.

Less Acceleration of Car Sales in Panama

August 2014

New car sales grew by just 5.6% in the first half of the year, well below the 14.8% increase achieved in the same period in 2013.

Figures from the National Statistics Institute reported that between January and July 2014 28.381 new cars were sold, which is 1,511 more than in the same period in 2013.

Panama: Automotive Boom Continues

May 2014

In the first four months of the year 18,000 new cars were sold, 10% more than in the same period in 2013.

With the sale of 4,797 new vehicles between January and April 2014, Toyota ranks as the best-selling car brand in the country. In second place is Hyundai, with 3,245 units and in in third place Kia, with 2,917 vehicles sold.

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