Saturday 12 June 2021

Autoparts in Central America A US$1 Billion Market

In 2016, the Central America region imported close to US$1.043 billion worth of spare and replacement vehicle parts, 8% more than in 2015.

Figures from the information system ‘Market for Spare Parts for Vehicles in Central America’, prepared by the Business Intelligence Unit at CentralAmericaData reveals among the main importers in the region are Purdy Motor (Toyota), Agencia Datsun (Nissan), Grupo Q (Chevrolet and Hyundai, among other brands), Ricardo Pérez S.A., Super Repuestos, Panameña de Motores, Repuestos Didea, Impressa and Petroautos.

According to estimates by CentralAmericaData, between 2015 and 2016 the imported value of spare and replacement parts for vehicles in Central America rose from US$970 million in 2015 to US$1.043 billion in 2016.

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Imports by country

In 2016 the main importer in Central America was Guatemala with US$293 million, followed by Panama with US$218 million, Costa Rica with US$215 million, Honduras with US$134 million, El Salvador with US$103 million, and Nicaragua with US$79 million.

Neighborhood auto parts supply store

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CentralAmericaData has detailed information on the import and export of parts, accessories, shock absorbers, body parts and accessories, clutches, bumpers or fenders, wheels, radiators, shafts, steering wheels, steering boxes, gearboxes, mufflers, exhausts, and other replacement or spare parts.

Information includes the size of the market, market participants according to the country of origin of the import, according to the type of replacement or spare part, price analysis per importer, type of part or replacement, country of origin and other details. Click here for more information about this business sector.

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FACT CHECK:
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"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

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