Up to December 2017, 45% of the vehicles circulating in countries in the region were automobiles, and 13% were light load units.
Data from the report "Vehicular Fleet in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, details the different characteristics of the vehicles that transit the streets of Central American countries.
As of June 2017, 36% of automobile or sedan-type vehicles that circulated in countries in the region were of the Toyota and Hyundai brands.
Data from the report "Vehicle Fleet in Central America 2017" compiled by the Business Intelligence Unit at CentralAmericaData shows different characteristics of the vehicles circulating in Central American countries.
Currently, the average engine size of new cars sold in Guatemala is 1,485 cc, while in 2011, the average size was around 1,625 cc.
Figures from CentralAmericaData's report entitled "Central American Vehicle Park" show that between 2011 and 2017, the average engine size of the vans sold in Guatemala was also reduced, as in 2011 average engine capacity was 2,962 cc, while in 2017 this figure is around 2,419 cc.
In December 2016, 20% of the vehicles circulating in the countries of the region were between 1 and 5 years old, and 19% between 6 and 10 years old.
Data from the report"Vehicle Fleet in Central America 2016" compiled by the Business Intelligence Unit at CentralAmericaDatashows the different characteristics of the vehicles circulating in Central American countries.
In 2016 the imported value of spare parts for vehicles totaled $62 million, 15% more than the imports recorded in 2015.
Figures from the information system on the Auto Parts and Accessories Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with the graph"]
In December 2015, 22% of the vehicles circulating in the countries of the region were between 1 and 5 years old, and 19% were between 6 and 10 years old.
The report "Vehicular Fleet in Central America in 2015," compiled by the Business Intelligence unit at CentralAmericaData com details the age of vehicles circulating in the countries in Central America.
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.
An announcement has been made that from July 21st, the government will start the process of selling cars and trucks in the Campus Martius, sports complex in Tegucigalpa.
The secretary of the Council of Ministers, Ebal Diaz told Elheraldo.hn that "... 'Starting next week at Campo Marte around 40 vehicles per day will be received that are to be auctioned, I was told that according to estimates there will be approximately 600 to 700 luxury vehicles to be auctioned'".
In 2013 vehicles sales fell by 20% compared to 2012 due to a rise in sales of used cars.
The Honduran Association of Motor Vehicle Dealers and Allies reports that in the first quarter 15% fewer cars were sold than in the same period in 2013.
"Similarly, car importers are facing a delay in the delivery of number plates, around 250,000 units for motorcycles and cars, despite the fact that it is a national security issue, they lamented," reported Latribuna.hn.
In the past only durable and high priced goods like cars and houses were re-sold. Now re-selling (and buying second-hand) applies to everything from electronics to clothing.
Knowing the value of something that has been bought and used for some time used to be very difficult, but now facilities to check markets make it possible to establish the value of what we want to sell second-hand (RECOMMERCE).
The Honduran Executive Revenue Office (DEI in Spanish) has announced a public auction of cars to be held 12 August.
The auction will take place in the National Port Authority's (ENP) facilities.
Samples of vehicles to be auctioned will be on display in the ENP's customs facilities in the ports of Cortes and Castilla, as well as in San Pedro Sula, from 9 to 11 August between 9am and 4pm.
President Manuel Zelaya of Honduras announced measures to combat the increase in world oil prices. They include restrictions on vehicle imports.
Zelaya told business and labor leaders that the measures were needed in order to save energy and encourage production.
Imports of used vehicles and gas-guzzling new ones are to be restricted. Illuminated signs are to be cut off during electricity peaks, only power-saving light bulbs are to be used, and a mass propaganda campaign is to be launched to persuade the population of the need to conserve energy.