Sale of vehicles drop 17% in El Salvador

The drop in the sale of vehicles has forces several companies to cut jobs.

Monday, November 24, 2008

The sale of cars in the Salvadoran market has fallen 16.8% so far this year, and could end up at 20% by the end of the year, said the president of the Q Group, Carlos Enrique Quiros.

The president of the Salvadoran Association of Car Distributors, Guillermo Herrador Montalvo, presented the same symptoms and confirmed that the annual sale of cars for the last two years was around 17000 units per year.

More on this topic

Lower Consumer Sales in Guatemala

July 2009

Despite commercial efforts in promotions and discounts, consumer sales were down 4.3% in the first half of the year.

Commerce will shrink 1.5%, mainly because the 29% drop in imports, informed the Central Bank of Guatemala.

"Lack of customers has forced businesses to sell cheaper, reducing profits...", said César Estrada, president of the Chamber of Commerce and Services, in an article in Elperiodico.com.gt.

Vehicle Sales Down by 38% in Guatemala

May 2009

From January to March 2009 5,154 new cars were sold, compared with 8,356 units sold during the same period in 2008.

The economic crisis and credit restrictions are the main causes for the drop in new car sales, Brenda Montenegro, executive director of the Association of Importers and Distributors of Motor Vehicles (AIDV), told Prensalibre.com.

Car sales drop 28% in Panama

December 2008

Compared to the 4,095 cars sold in November 2007, last month only 2,931 were sold by dealers.

However, global sales from January to November 2008 totaled 40,369 while in 2007 during the same period it was 37,795. This difference shows a 6.8% growth in car sales.

The five brands with the most sales this year were Toyota, Nissan, Hyundai, Kia and Honda.

Car sales in Panama slowdown

November 2008

October had the best sales in the last two years with an increase of up to 31%, however this was the end of the upward trend.

The first quarter closed with an increase of 19%. In July it was at 18%, much lower than the 32% increase in the previous year. In September the increase was 14%, according to data gathered by the Association of Automobile Distributors and Agencies of Panama (Adap).

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