At the beginning of 2020, 25% of the automobile type vehicles circulating on the streets of Central American countries were of the KIA, Suzuki, Mazda and Nissan brands, while of the total of light cargo vehicles, Ford, Mitsubishi and Chevrolet monopolized 14%.
The report "Vehicles in Central America", from the Trade Intelligence Unit of CentralAmericaData collects the most updated information on the automotive market in Central American countries.
About 30% of all cars in circulation in the country are estimated to be Volkswagen, Dodge, Toyota and Honda.
An analysis compiled by CentralAmericaData's Trade Intelligence Unit, based on data from several information sources, provides interesting figures on the characteristics, brands and models of the automobiles that circulate on the streets of Mexico City.
The bill which the Legislative Assembly approved in a first debate establishes tax exemptions for imports of electric vehicles and authorizes the replacement of the vehicle fleet belonging to State entities.
Nacion.com reports that "...Specifically, the bill authorizes the State not to charge taxes on fully electric vehicles costing less than $30,000 (¢17.4 million)."
In 2016, countries in the region imported $199 million worth of light-duty trucks, which is 21% more than in the previous year.
Figures from the Information System on the Market for LightDuty Trucks in Central America compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with the graphic"]
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.
About 50% of the 147,000 new vehicles sold between March 2016 and December 2017 were financed by banks and financial institutions, for close to $1 billion.
An analysis of the vehicle fleet in Costa Rica by the Business Intelligence Unit at CentralAmericaData reveals that placement of loans for vehicle purchases during the period between March 2016 and March this year amounted to $1.2355 billion.
Of the total number of vehicles circulating in the country in January 2017, 61% corresponded to automobiles, 21% to motorcycles, 11% to light-duty vehicles and 3% to heavy loads.
Figures from the"Central American Vehicle Park"report, prepared by CentralAmericaData's Business Intelligence Unit, indicates that in January 2017, 1.5 million vehicles were circulating, of which more than half corresponded to automobiles.
The Directorate General of Taxation has suspended the decree that prevented agencies and distributors from importing latest model vehicles, corresponding to 2018.
The restriction on imports of 2018 models came into effect in October last year, when the Ministry of Finance issued Decree No. 39941-H.
The union of importers of motorcycles has reported that in 2016 sales grew by 19%, lower than the 23% increase achieved in the previous year.
Figures from the Association of Motorcycle Importers (Aima) indicate that last year 67,736 units were sold, 19% more than what was sold in 2015, but lower than the 75,000 units that the union planned for this year.
Through a decree issued by the Ministry of Finance between January and August 2017 agencies and distributors will not be able to import vehicles whose model corresponds to 2018.
Decree number 39941-H which the Ministry of Finance issued on October 21 in La Gaceta states that, in order to regulate the assessment procedure for the import of vehicles, between January and August 2017 units can not be imported whose models corresponding to the following year, 2018.
Honda, Yamaha, Freedom, Suzuki and Formula control more than 50% of the total market of motorcycles registered in the country.
A study carried out by the business intelligence unit at CentralAmericaData.com on the vehicle fleet of Costa Rica shows that the number of vehicles registered each year in the country has been increasing since the fall recordedin 2009, due to the international financial crisis, and in 2015 more than 130 thousand units were registered, exceeding the historical record that stood since 2008 of about 127,000 units.
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.
Of all vehicles circulating in the country at the end of 2015, 63% were automobiles, 19% motorcycles, 13% light duty vehicles and 3% heavy load vehicles.
Figures from the report "Vehicular Fleet in Central America" prepared by the Business Intelligence unit at CentralAmericaData.com, indicate that 1.3 million vehicles were in circulation up to December 2015, of which 63% were cars.
With a 50% increase in the import of new units in the first quarter of 2012, a change has been seen in the traditional tendency of the country buying mostly used vehicles.
In the first 3 months of the year 9,272 new cars came into the country, 50% more than in the same period in 2011, which represents a turnaround in vehicle imports, according to statistics from the Ministry of Finance.
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