Vehicle Fleet: Motorcycles Gaining Market

In recent years, the number of motorcycles in Guatemala has increased by 13%, from 1.33 million units registered in July 2017 to 1.5 million reported in the same month in 2019.

Tuesday, August 6, 2019

According to data from the Tax Registry of Vehicles of the Superintendence of Tax Administration (SAT), up to July 2019 the country's active vehicle fleet registered 3.76 million units, of which 40% corresponded to motorcycle type vehicles.

You may be interested in "Car Brands: Figures at the Beginning of 2019

Abel Cruz Calderon, superintendent of the Tax Administration, told Prensalibre.com that "... We are surprised by the growth in recent years of two-wheeled vehicles in the country. The motorcycle sector is more dynamic compared to four-wheeled vehicles both private and commercial.

Also see "Motorcycles: Regional Market Figures up to 2018

César Amézquita, general manager of the Association of Importers of Motorcycles (Asim), explained that "... Feasibility is making people buy a motorcycle to go to work or with their families in less time. On average, every year between 170,000 and 180,000 motorcycles are sold, and the preferred one in the market is that of 250 cylinders".

According to reports from CentralAmericaData, during 2018 the main importer of motorcycles in the region continued to be Guatemala, with $182 million, followed by Honduras, with $92 million, El Salvador, with $53 million, Costa Rica with $49 million, Nicaragua with $36 million and Panama, with $8 million.

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More on this topic

Vehicle Fleet Increased in 2020: How to Explain?

January 2021

Restrictions on mobilization due to the number of plates, the fear of using public transportation and the increase in demand for delivery services explain the 8% growth that Guatemala's vehicle fleet experienced between 2019 and 2020.

As a result of the outbreak of covid-19, during the second quarter of 2020, Guatemalan authorities decided to suspend ground passenger transportation and also imposed restrictions on the mobility of vehicles with private plates, which were applied based on their license plate number.

Motorcycle Sales: Optimism in Guatemala

March 2020

After 198,000 motorcycles were sold in the country in 2019, local businessmen forecast that during 2020 the number of units sold could increase between 12% and 17%.

Data from the Association of Motorcycle Importers (Asim) indicate that on average 16,500 motorcycles are sold in the Guatemalan market per month, but only in February 2020 sales exceeded 19,000 units.

Costa Rica: Motorcycle Imports Keep Growing

August 2016

In the last four years motorcycle sales grew by 25%, and at the end of this year the industry expects to register 70,000 new units.

Crhoy.com reports that "... Figures from the Association of Motorcycle Importers and Allied Workers (AIMA) indicate that in 2006 approximately 10,000 motorcycles were registered per year, by the end of 2016 the projection is that 70,000 new units will have been registered." 

Motorbike Boom Continues in Guatemala

October 2012

There are now 730,000 bikes in Guatemala, where sales of powered two-wheelers have increased 20% compared to last year.

Elperiodico.com.gt reports that "According to statistics from the Superintendency of Tax Administration (SAT), dealers imported 59,449 motorcycles during the first half of this year.

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