Import of Used Cars is no longer a Business

During 2013 the import of used vehicles in Costa Rica declined by 45%, the biggest drop since the 2009 crisis.

Monday, February 17, 2014

Importing used cars has ceased to be a business in Costa Rica. Last year the entry of used vehicles into the country declined by 45%, the strongest decline since the 2009 crisis.

Credit facilities provided by banks and the "new rules for the import sector in relation to the tax value of the units, odometers (mileage meter), total losses and new security devices have all affected sales."

"Javier Quesada, Owner of Autos Joley in Grecia, has seen at least four businesses close in the last two years. Even the Association of Vehicle Importers of Grecia has ceased operations, as its president, Alfonso Fernandez, left the business."

More on this topic

The Imported Vehicles Market in Guatemala

May 2014

In 2013 61.815 vehicles entered the country having a total value of $540 million, with Toyota, Kia and Honda being the three most imported brands.

In 2013 vehicle imports into Guatemala fell by 5.5% compared to total imports in 2012, going from $570 million to $540 million (CIF value), according to a report prepared by the Department of Commercial Intelligence at CentralAmericaDATA.COM.

Importers Demand Lower Taxes for Used Cars

July 2013

Sellers of used cars in Costa Rica believe there is discrimination in the way the Ministry of Finance estimates import taxes on cars.

According to Jose Carballo, president of the Costa Rican Automotive Chamber, the industry complains that 52% is charged for new vehicles, while used cars which are over six years old are charged 79%.

Smiles in the Guatemalan Automotive Sector

October 2012

Between January and July 2012, car dealerships in Guatemala sold 15.410 units, up 12% compared to sales in the same period in 2011.

According to the Association of Importers and Distributors of Motor Vehicles (AIDVA), in 2010 19.426 units were sold, whereas in 2011 the figure went up to 23.524.

Costa Rica hosts Expomóvil 2009

March 2009

Expomóvil 2009 will be held in La Ribera de Belén from March 13 – 22, with the presence of more than forty exhibitors.

Leticia Vindas wrote in the El Financiero website: "Some of the participating brands are Renault, Mazda, Nissan, Mercedes-Benz, Chrysler, Audi, Mitsubishi Motors, Suzuki, Hyundai, Citroën, Ford, Honda, Isuzu, Yamaha, Geely, BMW and Volvo.

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