Sales of New Vehicles Up 20% in Guatemala

Last year, in 2011, sales totaled 23,524 vehicles, 20% more than the 19,456 units sold in 2010.

Tuesday, January 17, 2012

Of the units sold, 6015 were sports utility vehicles (SUV), followed by pickup trucks with 5751 and sedans with 4315 sales.

"Diego Velasquez, Brand Manager of Advance Auto at the Cofiño Stahl Group, said that 2011 was the first time that sales of SUVs and pickup trucks displaced those of sedans which had always been the favorite of Guatemalan buyers.

Velasquez said that the reason for the preference for SUV’s is due to Korean car promotions, and that people instead of buying a car for four passengers, prefer to invest a little more for one for six, which is safer and more complete."

More on this topic

Panamanians Bought 5416 Cars in October

November 2011

In the first 10 months of 2011, 38,136 new cars were sold, 24% more than were sold in the same period last year.

Agencies now hope to achieve the goal of selling 44,000 new cars this year.

The highest monthly number of sales was reported in October, with a total of 5416 vehicles sold, boosted by the annual Panama Motor Show which took place during the month.

30% Increase in New Car Sales in Nicaragua

July 2011

Although the numbers do not match those of 2007, a record year, in 2011 Nicaraguans are set to spend $112 million on new vehicles.

In 2009, unit sales fell by 50%, in the context of the global economic crisis. Recovery starting in 2010 recovery has now been confirmed in 2011 being spurred on by the growth of the Nicaraguan economy.

Guatemala: New Car Sales Up 25%

October 2011

In the first nine months of the year a total of 17,053 new vehicles were sold, 25.14% more than in the same period of 2010.

Industry sales projections indicate that by the end of the year about 24,000 new cars will have been sold, compared to 19,813 in 2010.

Representatives from car dealerships have attributed the increase in sales to the banking sector’s greater willingness to lend.

Guatemalans Switch from Cars to Motorcycles

April 2009

Automotive dealership Cofiño Stahl ventured into the motorcycle market after the collapse in car sales.

Car sales have decreased by more than 60% in the last year, forcing the sector to react and adapt. In the face of this situation, Cofiño Stahl, Chevrolet dealer, decided to enter the growing motorcycle market by importing and distributing the Chinese brand Genesis.

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