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.
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.
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.
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.
Guatemala: Outlook for the Automotive Market
Apr-12-21 | Shortage of some vehicle lines due to the drop in production and lack of space in cargo ships are some of the factors that will affect distributors competing in the local market during 2021.
Tires: How do Markets Behave?
Dec-21-20 | From January to June 2020, companies in the region bought new tires abroad for $197 million, with Costa Rica being the only market that increased its imports and Panama the Central American country that reduced its purchases the most in year-on-year terms.
Motorcycles: Imports Fall 11%
Dec-8-20 | From January to June 2020, motorcycle imports in Central America totaled $164 million, 11% less than in the same period in 2019, a decrease that is explained by the behavior of purchases from El Salvador, Honduras, Panama and Costa Rica.
Automotive Maintenance: What are Consumers Looking for?
Nov-24-20 | Between July and October 2020, the number of people in Panama looking for vehicle transmission repair services online increased by 71%, and the number of Salvadoran consumers who explored options for auto glass repair increased by 60%.
Vehicles: Trends in Central America
Nov-2-20 | At the regional level, the number of interactions in the digital environment associated with SUVs, trucks, hybrid cars and microcars has increased in this context of new commercial reality.
Motorcycles: What Brands Are Consumers Thinking About?
Oct-27-20 | In Central America, more than 8 million people search the Internet and participate in conversations associated with motorcycles. BMW, Suzuki and KTM are some of the brands with the greatest presence in the interactions of consumers with high purchasing power.
Spare Parts: Regional Business Figures
Oct-26-20 | In the first quarter of 2020, the region imported vehicle parts and spare parts for an amount of approximately $267 million, 7% less than that recorded in the same period of 2019, a decrease that is mainly explained by the behavior of purchases by Panamanian companies.
Vehicles: The Most Popular Brands
Oct-7-20 | In the countries of Central America, more than 21 million people are looking to buy a vehicle online, and of this consumer segment, close to 4% explore options for acquiring a Suzuki brand car.
Car Batteries: Regional Market Figures
Oct-5-20 | In the first quarter of the year, Central American countries imported vehicle batteries for $57 million, and 57% was purchased by companies in Guatemala and Costa Rica.
Interest on Car Loans Increases
Sep-14-20 | In the second quarter of the year, interest on vehicle loans fell considerably, but in recent weeks in the region's markets the outlook changed and the number of interactions associated with the issue increased among consumers.
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