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"]
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 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. "