AUTOMOTIVE INDUSTRY
Car Batteries: Business with South Korea Rising
Jul-1-21 | During 2020, Central American imports of vehicle batteries totaled $211 million, and purchases from Korean companies increased by 27% over 2019.
Tender for $3 Million for Police Patrols
Jul-1-21 | Panama's Ministry of Public Security tenders the supply of 56 pick up type vehicles, which must have police equipment, must be 4WD and with automatic transmission.
Light Trucks: $141 Million in Regional Purchases
Jun-24-21 | During 2020, Central American countries imported light trucks for $141 million, and 60% was purchased by companies in Guatemala and El Salvador.
Tires: Purchases Down 13% in 2020
Jun-21-21 | During last year, Central American companies bought new tires abroad for $402 million, a figure that is 13% lower than what was reported in 2019.
Tender for $29 Million in Spare Parts for Buses
Jun-18-21 | Transporte Masivo de Panama S.A. tenders the supply of original spare parts and tools for Volvo chassis for Gran Viale B7R and Torino B290R buses that make up the company's fleet.
Vehicles: Sales in Panama Up 20%
Jun-17-21 | Between the first four-month period of 2020 and the same period of 2021, vehicle sales in the local market increased by 20%, a rise that is largely explained by the behavior of marketed units of cars and SUVs.
Vehicles: Which Brands Control the Market?
Jun-8-21 | During the first months of 2021, 20% of the automobile-type vehicles circulating on the streets of Central American countries were Honda, Mazda, Chevrolet and Ford brands, while of the total number of light-duty vehicles, Isuzu, Hyundai and Hino accounted for 10%.
New Normal: Chinese Tires Increase in Prices
May-21-21 | As a result of the shortage of tires and the increase in the cost of maritime freight, Costa Rican importers of Chinese tires estimate that prices in the local market have increased about 40% in recent months.
Automotive Industry had a Good Start in 2021
May-18-21 | 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.
Growing Interest in Hybrid Vehicles
May-11-21 | During the first four months of 2021, interest in hybrid vehicles, as evidenced by the number of Internet searches and mentions in conversations in the digital environment, increased in all Central American markets.
Vehicles and Machinery: How to Measure Potential Markets?
May-6-21 | Accurately calculating the vehicle fleet or estimating the number of specialized machines and tractors used in certain areas is useful information for companies dedicated to the sale of accessories and spare parts to make the right decisions.
Tender for $7 Million in Ambulances
May-6-21 | The Dominican Republic is bidding for the supply of 60 ambulances with life support, which will be used for emergency health care and the transfer of patients of the National Health Care System 911.
Automotive Repair Centers: Location Potential
May-5-21 | Honda Center, a service shop located in Guatemala City's Zone 10, has a potential market of 93 thousand consumers between the ages of 25 and 60 years old, of which 66% are interested in vehicle-related topics, within a 15-minute drive.
Vehicles: Sales Rebounded in March 2021
May-4-21 | After several months of reporting year-on-year declines in the number of vehicles sold in Panama, during the third month of the year an increase of 93% was recorded.
Restrictions on the Importation of Used Vehicles
Apr-30-21 | The authorities in Guatemala informed that the importation and registration of used vehicles that are seven years old or older, and whose engine does not start, will not be allowed.
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