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.
Everything about cars imports and exports in Nicaragua.
Top companies - Quantities, amounts and prices.
More on this topic
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.
New car sales grew by just 5.6% in the first half of the year, well below the 14.8% increase achieved in the same period in 2013.
Figures from the National Statistics Institute reported that between January and July 2014 28.381 new cars were sold, which is 1,511 more than in the same period in 2013.
After 2013 recorded a decrease of 3.4% compared to 2012, sales of new and used cars from January to September this year increased by 6% compared to the same period last year.
Elfinancierocr.com notes that "... The Association of Importers of Vehicles and Equipment (Aivema) recorded that, in nine months, 27,161 units have been sold, including cars, pick up trucks, sports vehicles, vans and light trucks; 60 different brands in over 26 dealerships. In the same period in 2013, 25,609 units were sold. "
Between January and June this year 43,975 new and used units were imported, which is about 7,509 more than in the same period in 2013.
Imports of used cars grew by 24% going from 24,613 in the first six months of 2013 to 30,567 in the first half of this year, according to figures from the Superintendency of Tax Administration.