Sales projections for this year are not the best, but the decision of three foreign companies to enter the Costa Rican automotive market shows that there is still potential to grow more.
In the last year, the companies Ambacar, from Ecuador, Inchcape, from England, and Euro Advance, linked to Grupo Cofiño, from Guatemala, entered the market through the purchase, partial or total, of local distribution agencies.
The AVIA real estate project to be built in the Zona Viva will have three towers, parking for 2,500 vehicles, and a convention center.
Elperiodico.com.gt reports: "The mixed-use project includes an investment of $125 million and is being driven by Grupo Cofiño Stahl and FS Richard, who after a contest to choose the design submitted by the firm Permuller & Cohen began the construction phase in the area measuring 16,400 square yards. "
Companies from different sectors have implemented and unemployment insurance system to attract buyers.
As an example, the real estate developer Urbis offers a policy that allows buyers to recover the total amount they have paid toward the purchase of their home in the event they should lose their job.
The chain El Gallo mas Gallo offers a three month grace period if a job is lost.
The business anticipates opening a new agency to assist clients in September.
The manager of sales, Jorge Vallendor, announced that next month they will present the 5-passenger Audi Q5 vehicle.
Roxana Larios writes in an article in Sigloxxi.com: "Starting this month, Group Cofiño Stahl will market Audi cars after the acquisition of Regesa, which is part of Continental Motors," reports the general manager of the Group, José Javier Casas.