Automotive Industry had a Good Start in 2021
Tuesday, May 18, 2021
After vehicle sellers in Guatemala in 2020 faced a complex panorama as a result of the crisis caused by the pandemic, during the first quarter of the year a 30% y-o-y increase in the number of new imported units was reported.
Statistics from the Superintendence of Tax Administration (SAT) detail that in the first three months of 2021, close to 9,300 new vehicles were imported in the country, a figure that exceeds by 30% what was reported in the same period of 2020.

When reviewing the total data that takes into account the import of new and used units, the official figures specify that between the first quarter of 2020 and the same period of 2021 imports increased by 21%, going from 38,662 to 46,861.

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Although the industry is going through good times, entrepreneurs visualize some threats to the business, such as the shortage of microchips, a situation that complicates the availability of automobiles.

Alex Barillas, marketing manager of Grupo Cofino Stahl, told Elperiodico.com.gt that "... the automotive industry is one of those affected by the microchip crisis and this has complicated the management of inventories".

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Regarding the causes of the increase in sales that was evidenced in the first three months of the year, Barillas specified that in "... Guatemala the demand increased significantly, for example some people who had planned trips opted to invest that budget to change their vehicle."

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Source: elperiodico.com.gt
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Source: elperiodico.com.gt
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Goods
cars automotive maintenance Vehicles
Key entities
Cofiño Sthal
Countries
Guatemala
Insight
automotive industry import imports covid19coronavirus Auto Industry
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Auto Industry
Vehicles
automotive industry
automotive maintenance
cars
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