Data published by the Central Bank of Nicaragua (BCN) indicates that during the first five months of the year imports of sedans, vans, minibuses, trucks and ATV’s have gone up relative to previous years, surpassing even the 2008 statistics.
In the view of Charles Benda, secretary of the Nicaraguan Association of Motor Vehicle Dealers (Andiva) the increase in sales is related to the "... improvement seen in the export sector: the high price of livestock, meat and coffee, and dynamism of the economy", reports Laprensa.com.ni.
Another factor that has affected the sales increase is the imports made by the Government of buses and Lada vehicles, added Carlos Bedaña.
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In the first quarter of the year new car sales have grown by 21% compared to the same period in 2010.
Toyota, Audi and Nissan are just some of the brands whose vehicles sales have increased dramatically during the first three months of the year in Guatemala.
Although the earthquake in Japan affected the production of some plants, Toyota for example, as well as the distribution of paints and other supplies, it was not enough to affect the availability of vehicles in the country nor sales.
Car dealers project selling 8,500 units by the end of 2011, 20% more than in 2010.
The Nicaraguan Association of Motor Vehicles, Andiva, said that despite the increase, the country remains the smallest importer of vehicles in the region.
"2011 is a year of recovery for the new vehicle industry," said, Sergio Mantica, Isuzu Sales Manager, Nicaragua and organizer of the Fair Andiva 2011 to El Nuevo Diario.
In June, 1.102 new cars were brought into the country, whereas 2.364 were imported in June of last year, according to SAT data.
The drop, albeit minor, is also reflected in the import of used cars, being 9% less than in June 2008.
"8.366 cars were imported in the first half of 2009, 46.9% less than the same period of 2008, when 15.178 vehicles were brought into the country", indicated an elPeriodico.com.gt article.
At the Andiva Fair held on 20 to 24 November 1200 cars were sold, almost double the amount reported in 2012.
In terms of trade this sector of the economy generates up to $400 million a year.
According to Alvaro Rodriguez, vice president of the Nicaraguan Association of Motor Vehicle Dealers (Andiva), the event's success is due in part to the banks which took part offering credit facilities with low interest rates and quick credit approval.