Between July and October 2020, the number of people in Guatemala exploring luxury car rental options online increased 28%, while the number of Panamanian consumers seeking to rent a compact car decreased 53%.
CentralAmericaData's interactive platform, Consumer Insights, monitors in real time the evolution and changes in consumer habits in all markets in the region and in other Latin American countries, with fundamental information to understand their behavior, new trends and anticipate eventual changes in their purchase patterns.
If the quarantine and mobility restriction measures are extended by two months, it is predicted that by the end of the year the annualized demand for car rental services in Central America will have fallen by 30%.
The "Information System for the Impact Analysis of Covid-19 on Business", prepared by the Trade Intelligence Unit of CentralAmericaData, measures the impact that the crisis will have on companies according to their sector or economic activity, considering different scenarios for the coming months.
The growing tendency to lease rather than buy, not only real estate and cars, but also services and products, is forcing traditional companies to reinvent themselves completely, not to be left out of the new digital and collaborative economy.
Although in Central America this trend is not yet as marked as in other regions of the world, companies that want to prevail in the future must pre-empt it and begin to redefine their long-term strategies, considering these changes that while leading the new generations, are not alien to other age segments of the population.
E.C. Rent a Car, part of Nicaraguan business group El Chele, invested $2 million to open its operations in Costa Rica.
The beginning of its operations in the Costa Rican market consists of the opening of a point of service near the Juan Santamaría airport, highway to Rio Segundo, Alajuela, which will begin with a 120-unit vehicle fleet.
The Ministry of the Presidency of Panama is putting out to tender, for a period of one year, a leasing service for 257 vehicles of different types, for use by personnel and their dependents.
Panama Government Purchase 2018-0-03-0-08-LP-029974:
The Ministry of the Presidency of Panama is putting out to tender a leasing service for different types of vehicles for use by the institution's personnel.
Panama Government Purchase 2017-0-03-0-08-LP-029826:
With the arrival of more flights to the two main airports in Costa Rica, complementary businesses such as car rental and air catering services are benefitting.
The Social Security Fund in Panama is putting out to tender the lease-purchase of 97 ambulances, including preventive and corrective maintenance and replacement units for a period of 48 months.
Panama Government Purchase 2016-1-10-0-08-LV-187 838:
The company Enterprise Rent-A-Car has announced it will be investing $12 million in the purchase of 500 vehicles to begin providing a car hire service in the country.
Enterprise Rent-A-Car, through the ANC Group, which operates the franchises Alamo Rent a Car and National Car Rental, will provide a car rental service initially in five strategic points: Liberia, Belen, Lindora, and Juan Santamaría and Daniel Oduber airports.
We are a full service Armored rent a car company operating in Costa Rica since 2012 with Armored Vehicles for all occasions including but not limited to secured transportation to and from the airport
Organization that operates in Costa Rica, Nicaragua, Panama, El Salvador, Guatemala and Honduras
Phone: (506) 2290-3943 - (506) 2290-1375
Around 10,000 vehicles are used by 28 companies engaged in car rental in Panama, a business which generates about $77 million a year.
Between international and local franchises, the vast majority of companies engaged in the car rental business are established in the capital and state that their customers are 50% foreigners visiting the country for tourism and 50% nationals. Car rental prices range from $15 per day and the requirements are minimal due to the demand in the market.
The agency is currently spending $1 million a month on hiring garbage trucks.
Mismanagement of the trucks has led the authority to abandon the option of having its own fleet of vehicles, opting for rental instead.
For the next 12 months the institution plans to spend $16.8 million on rental payments, which is currently distributed between about 7 companies at a rate of $65 per hour.
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