Tires: Production Plant Ends Operations

As a result of the emergency that Costa Rica is going through due to the spread of the coronavirus, Bridgestone announced that it will temporarily close its industrial plant located in Belen, Heredia.

Tuesday, March 24, 2020

The company announced that its plant will remain inactive from March 26 to April 12 and that none of the 1,000 employees working on the premises will be dismissed.

See "Covid-19: Forecast for the automotive sector" reviews that "... The company reported that it has enough product supply to meet the demand of customers and their distribution centers; therefore, plant warehouses and logistics services will continue to fulfill orders, but operating with only essential personnel and following all preventive measures and appropriate hygiene recommendations."

According to CentralAmericaData reports, it is expected that automotive retail sales in Central America will be significantly affected by the covid-19 crisis, which would be partly explained by the drop in tire sales.

Read more about the effect on this sector in the report: "How will covid19 affect the automotive sector?"

More on this topic

Vehicles: New Reality, New Strategies

May 2020

Focusing on increasing income from after-sales services and making alliances with banks to offer better financing conditions are some of the strategies that car dealers in Panama intend to implement in this new reality.

Representatives of Ricardo Perez S.A., a Toyota brand distributor in the country, believe that because the purchase of a vehicle represents the second most important financial transaction in a family, the automotive sector will be seriously affected in this context of the spread of covid-19.

Automotive Sector: Strategies in the New Business Reality

May 2020

Making alliances with factories, applying distance protocols at points of service and encouraging the use of digital platforms are some of the strategies that have begun to be implemented by new vehicle distributors in the region.

Managers of Grupo Q, a company that operates 40 salesrooms in Central America, explained that given the spread of covid-19 and the restriction of consumer mobility, they are working to deepen alliances with factories and achieve a comprehensive chain of savings in different areas.

Trade Fairs Cancelled in Panama

March 2020

The Auto Show, which generated direct sales of about $90 million, and Expovivienda, which generated business of about $150 million, were cancelled due to the spread of covid-19.

Following the spread of covid-19, the country is going through a health crisis, a situation that has forced the authorities to prohibit the holding of massive events.

Automotive Sector: How Will the Covid-19 impact?

March 2020

Retail sales in the automotive sector in Central America are predicted to be significantly affected by the covid-19 crisis, which would be partially explained by the drop in tire sales.

The "Information System for the Impact Analysis of covid-19 on Business", prepared by the Trade Intelligence Unit of CentralAmericaData, measures the degree of impact that the crisis will have on companies according to their sector or economic activity, during the coming months.

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