Thursday 23 September 2021

Motorcycle Boom in Nicaragua

Paying the bills

Latest

Today’s Vehicle Restriction September 23: Plates ending in “7 & 8” CANNOT circulate

QCOSTARICA - For today, Thursday, September 23, vehicles with...

Carlos Alvarado denounces violations of the Daniel Ortega regime to the UN

QCOSTARICA - In New York, Costa Rica President Carlos...

High Number of European Tourists Traveling to Costa Rica in Spite of the Pandemic

QCOSTARICA - A total of 21,969 tourists from European...

Costa Rica second last in economic recovery in the region

QCOSTARICA - The Central American region experiences very different...

TOP-5 real estate communities for a family life

Despite the fact that COVID-19 is slowing down the...

Today’s Vehicle Restriction September 22: Plates ending in “5 & 6” CANNOT circulate

QCOSTARICA - For today, Wednesday, September 22, vehicles with...

Group charged migrants US$22K to get them to the United States.

QCOSTARICA - A Costa Rican-Panamanian criminal structure charged migrants...
Paying the bills

Share

4353605ed147e66a9e9376379c5d5d42
TODAY NICARAGUA – In 2015 55,000 motorbikes were sold and importing companies plan to increase sales by 11% during 2016 to reach 62,000 units.

An article on Elnuevodiario.com.ni reports that “… Sales of these vehicles in the Nicaraguan market reached a volume of 55,000 units in 2015, representing the best commercial result since 2008 and an increase of 23% compared to 2014, according to the Nicaraguan Association of dealers of Motor Vehicles (Andiva). Another piece of data that confirms the dynamism of the motocycle sector is the Survey Measuring Living Standards 2014, which revealed that motorcycle ownership increased from 2% in 2005 to 11% in 2014, achieving growth of 513% between those years.”

“… Statistics compiled by the Central Bank of Nicaragua (BCN) show that in 2015 the country paid US $46.568 million for imports of motorcycles, more than US $9 million in 2014, when the cost of importing this type of vehicle reached US $37,313.6 million. ”

- Advertisement -

Even considering the rapid increase in recent years in the motorcycle fleet, motorcycle numbers in other Central American countries suggest that the Nicaraguan market for these vehicles will continue to grow.

More Nicaragua news at TodayNicaragua.com

05_Dinero 1B

- Advertisement -
Paying the bills
Q24N
Q24N is an aggregator of news for Latin America. Reports from Mexico to the tip of Chile and Caribbean are sourced for our readers to find all their Latin America news in one place.

Related Articles

Today’s Vehicle Restriction September 23: Plates ending in “7 & 8” CANNOT circulate

QCOSTARICA - For today, Thursday, September 23, vehicles with plates ending...

Carlos Alvarado denounces violations of the Daniel Ortega regime to the UN

QCOSTARICA - In New York, Costa Rica President Carlos Alvarado, expressed...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.