Sales of New Vehicles in Nicaragua Up 29%

In 2010 sales totaled 6.627 new cars, 29% higher than in 2009.

Thursday, January 13, 2011

Despite the increase, officials of the Nicaraguan Association of Motor Vehicle Dealers (Andiva) indicated that the figure is far from the levels of 2008, when it totaled to 10.500 units.

"Andiva expected for this year to at least maintain 2009 sales levels, or grow between 5 to 10 percent, which would raise vehicle sales to more than seven thousand units," reports Laprensa.com.ni.

More on this topic

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.

Car Market Numbers in Nicaragua

September 2015

42% of the 8400 vehicles that entered the country in the first half of the year were sedans, followed by pick-up trucks, which accounted for 28%.

Vehicle imports in the first half of the year increased by 22% over the same period of 2014, when 6892 units came into the country, according to figures from the Nicaraguan Association of Motor Vehicle Distributors (Andiva).

Central America: Automotive Market Grows 10%

July 2015

In 2014, 84 000 new and used vehicles were sold in Guatemala, Costa Rica and Nicaragua alone, and it is expected that 2015 will close with an annual growth of nearly 10% across the region.

While the region has generally shown an upward trend in the marketing of vehicles, mainly new ones, the characteristics of each of the countries, particularly with regard to access to bank credit, makes the behavior of the auto market different in each.

Nicaragua 2014: Sales of New Vehicles Up 4.4%

January 2015

During 2014 15.100 new vehicles were sold which is 4.45% more than sold in 2013.

Although the automotive industry experienced a slight slowdown in sales in early 2014, goals for the end of the year were reached, thanks to a rebound in the fourth quarter.

Elnuevodiario.com.ni reports that "...

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