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.
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.
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.
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.
At the end of 2018, 86% of the units circulating in the Guatemalan streets were cars and light cargo vehicles, and the remaining 14% were heavy cargo and buses.
Data from the report "Vehicle Fleet in Guatemala up to the first quarter 2018" compiled by the Trade Intelligence Unit at CentralAmericaData, provides details on the characteristics of the different vehicles that transit the streets of Central American countries.
In 2018, the total of vehicles registered in the departments of the country's central region totaled 1.7 million units, 75% more than the figure reported in 2008.
According to statistics from the Superintendence of Tax Administration (SAT), the vehicle fleet registered in the departments of Guatemala, Sacatepéquez and Chimaltenango, has grown considerably in the last ten years, increasing from 982,430 in 2008 to almost 1.8 million units in 2018.
In 2016, $170 million worth of motorcycles were imported, 9% more than in 2015, and the value imported from China and India grew by 6% and 9%, respectively.
Figures from the information system on the the Motorcycle market in Guatemala, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with the graph"]
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.
Of the total number of vehicles circulating in the country in December 2016, 35% were automobiles, 31% motorcycles, 22% light-duty vehicles and 7% heavy load vehicles.
Figures from the report "Central American Vehicle Park", prepared by CentralAmericaData's Business Intelligence Unit, show that as of December 2016, 2.2 million vehicles were circulating in Guatemala, of which more than half were automobiles and motorcycles.
The distributors' association reports a reduction of almost 4% in new vehicle sales for the first quarter of the year compared to the same period in 2016.
Jean Pierre Devaux, executive director of the Association of Importers and Distributors of Motor Vehicles (Aidva), commented to S21.gt that between January and March of this year"...6 thousand 894 new units have been sold."
The SAT has announced that from January 2017, 42% of the commercial value of the vehicle will be applied when calculating the amount of import tax to be paid.
The taxable values for calculating the circulation tax on vehicles (ISCV) will not be changed.Abel Cruz, Indentent of Revenue, told Prensalibre.com that"...The new amendments, which will come into effect on January 1, 2017, refer to the SAT applyling 42% of the commercial value of the vehicle, a figure supplied by distribution companies."
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 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.
The first months of 2014 show that the industry is recovering from the decline in sales in 2012/2013 caused by the entry into force of the first registration tax.
An article in Prensalibre.com reports that José Javier Casas, general maanger of Cofino Stahl and president of the Union of Motor Vehicle Importers (Aidva) noted that "... In 2013 25,789 units were sold, in 2012 27,028 were sold; however, we predict that this year will close with an increase of 10%. According to Casas, this would mean about 30 thousand units being sold. Is expected that this will be achieved in the medium term and that they will beat the record of 2007, when 36,000 new cars were sold. "
The Tax Authority is reviewing whether to concession the services provided by the Vehicle Registration Tax.
This was announced by Superintendent Carlos Muñoz, who told a group of businessmen from the Guatemalan Chamber of Commerce (AmCham).
According to Muñoz, the project is under analysis and in the next 30 days the results will be made known, which will specify whether or not to grant it to a private company.
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