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MARKET STUDY
Vehicles: Business Fleet FiguresThursday, January 23, 2020 In Guatemala, about 2% of the total vehicle fleet units are registered on behalf of 30 companies, including Tropigas, Seguros G&T and Arrendadora Centroamericana. From the report "Vehicle fleet in Central America, with details of the business fleet", the unit of Trade Intelligence of CentralAmericaData collects the most updated information of the automotive market in Central American countries. Automotive: Another Year in the RedWednesday, January 15, 2020 According to the reported decrease in new car sales in 2017 and 2018 in Panama, during 2019 the negative trend continued, as 47,866 units were registered, 6% less than the previous year. Reports from the General Comptroller's Office of the Republic explain that since 2017 there has been a drop in new vehicle sales, since 56,905 units were sold that year, 15% less than cars sold in 2016.
MARKET STUDY
Auto Parts: Panamanian Market Grows by 14%Friday, January 24, 2020 In the first half of last year, imports of vehicle parts into Panama totaled about $127 million, representing a 14% increase over the same period in 2018. Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"] Electric Cars: Tax Benefits ExtendedFriday, January 17, 2020 In Costa Rica, the Ministry of Finance decided to extend the deadline by 24 additional months so that the import of hybrid and electric vehicles can be done at reduced rates and in some cases without paying taxes. With the publication of decree 42080-H-MINAE-MOPT in the edition of the Official Journal of Thursday, January 16, 2020, the benefits will be maintained until December 2021. Luxury Cars: Sales Grow at 8%Wednesday, January 8, 2020 During the first 11 months of 2019, 2,421 luxury vehicles were sold in Panama, a figure 8% higher than that reported for the same period in 2018. According to the most recent report from the General Comptroller of the Republic, between January and November 2018 and the same period in 2019, in general the number of units registered in the country fell slightly, from 45,896 to 44,101. Luxury Cars: Sales Still UpThursday, December 5, 2019 During the first ten months of 2019, 2,210 luxury vehicles were sold in Panama, a figure 9% higher than that reported in the same period of 2018. According to the latest report of the General Comptroller of the Republic, between the first ten months of 2018 and the same period of 2019, the number of units registered in the country fell slightly, from 41,182 to 40,940. Contract Awarded to Supply Metal PlatesFriday, January 17, 2020 Tönnjes Card International, S.A. was the winner of the tender to supply 2.4 million metal plates for land vehicles in Guatemala. The bids submitted in this public tender were those of Tönnjes Card International, S.A. which totaled $9.86 million and GSI Guatemala, S.A. which was for $9.76 million. Vehicle Sales: Optimism for 2020Monday, January 13, 2020 After registering increases in the number of imported vehicles in November and December, car dealers in Costa Rica expect that this 2020 will reinforce the positive trend. According to data from the Ministry of Finance in November last year, 4152 vehicles were imported into the country, a figure that exceeds by 12% that registered in the same month of 2018.
MARKET STUDY
Motorcycles: Regional Purchases Fall 12%Tuesday, January 14, 2020 From January to June 2019, Central American motorcycle imports totaled $184 million, which is 12% less than the same period in 2018. Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"] Autoparts: Investments by 2020Friday, December 13, 2019 Super Repuestos, a company dedicated to the marketing of vehicle parts, announced that next year will invest in the opening of two branches, one in El Salvador and another in Honduras. The sales point of El Salvador will be located in the municipality of Nejapa and the establishment that will operate in Honduras, will be in the city of La Ceiba. Both buildings are currently under construction.
MARKET STUDY
Car Batteries: Market Grows at 6%Monday, December 23, 2019 In the first six months of the year, the countries of the region imported $111 million in vehicle batteries, 6% more than in the same period of 2018. Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"]
MARKET STUDY
Auto Parts: $560 Million in BusinessThursday, December 19, 2019 In the first half of 2019, the region imported vehicle parts and spare parts worth nearly $560 million, and 50% was purchased by companies in Guatemala and Panama. Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"] Two Bids in Tender for Metallic PlatesTuesday, December 17, 2019 Tönnjes Card International, S.A. and GSI Guatemala, S.A., were the companies that presented their bids in Guatemala for the supply of 2.4 million metal circulation plates for land vehicles. The proposal of Tönnjes Card International, S.A. amounts to $9.86 million and that of GSI Guatemala, S.A. Tender for Airport Security ServicesTuesday, January 21, 2020 The Autonomous Executive Port Commission tenders security services for the public parking and other areas of the passenger and cargo terminal at the Oscar Romero Airport. El Salvador Government Purchase LP-10/2020: Car Sales: Light at the End of the Tunnel?Wednesday, November 27, 2019 After the number of new vehicles sold in Panama fell 11% between 2017 and 2018, this year the distributors’ guild estimates that the year-on-year decline could be just 2%. Consistent with the downward trend reported in 2017, during 2018 50,889 new vehicles were registered in the Panamanian market, 11% fewer units than those reported the previous year. |
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Tuesday, January 28, 2020 - last update: Monday, 6:54 pm
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