The Motorcycle Market in Costa Rica

Increased demand and easier financing facilities provided by the motorcycle distributors are driving sales in an increasingly competitive market.

Monday, March 31, 2014

The motorcycle market in Costa Rica has added new participants in the last three years, during which imports of these vehicles went up by 30%.

During 2014, "the Directorate General of Customs, at the Ministry of Finance registered the import of 39,475 motorcycles, just 13% less than what was purchased in 2008, before the global economic recession started and one of the peak sales moments in this market."

An example of the interest in this market is the "chain of spare parts for vehicles called Gigante, which has been selling its own brand Moto Formula (Chinese made) in its nine branches for the last five years."

"According to Gregorio Lopez, marketing manager at the company, in the first year an average of 50 units were sold per month. Today, the figure is 350 per month and the plan is to reach 400 this year, according Elfinancierocr.com".

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More on this topic

Motorcycle Fleet Figures in Mexico

December 2018

More than four million motorcycles are in circulation throughout the North American country, of which 45% are in the states of Mexico, Jalisco, Guanajuato, Michoacan and Quintana Roo.

Data from the report "Vehicle Fleet in Mexico 2018" compiled by the Business Intelligence Unit at CentralAmericaData, provides details on the characteristics of the different vehicles that transit the streets of Central American countries.

Costa Rica: 9 New Motorcycles Every Hour

October 2016

Between January and June 2016 almost 39,000 new motorcycles were registered in the country, which is 9% more than in the same period in 2015.

China is still the market from which the most motorcycles imported into the country arrive. In the first half of the year the number of these vehicles registered in the country rose by an average of 215 per day, outpacing growth in the same period in 2015.

Diversification in the Motorcycle Market in Costa Rica

March 2014

With the entry of the Colombian brand AKT the motorcycle market in the country is diversifying and growing.

Unicomer Group, owner of the stores Gollo and La Curacao, will start selling AKT motorcycles, owned by the Colombian group.

Eduardo Córdoba, corporate business manager at Unicomer Group told Elfinancierocr.com: "It's a new line of business, part of Unicomer Group's strategy, and responds to the regional market situation in Costa Rica where we detected an opportunity to meet the needs of a customer segment that has evolved in its consumption habits. "

Regional Motorcycles Market Grows

May 2012

Unicomer group recorded an increase in sales of 160%, with 310.000 motorcycles sold throughout the region each year.

Sales in Central America and the Dominican Republic have experienced remarkable growth, judging by the results from various distribution houses due to a combination of favorable prices and credit facilities.

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Grupo HRS Consultores

Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras and Panama.
Phone: (506) 2234 6850 - (506) 2234 8207

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