Thursday 24 June 2021

What are the Leading Vehicle Brands in the Region?

Toyota is the brand in Central America with the largest number of vehicles circulating in the region.

At the end of the first half of 2019, 8% of the units on the streets of Central America were Honda, 7% Nissan, and 6% Hyundai, while Suzuki, Mitsubishi, Kia, Mazda and Ford made up 20% of the total, says the “Vehicular Fleet in Central America” report.

Toyota is the brand in Central America with the largest number of vehicles circulating in the region.

The report is from the Trade Intelligence Unit of CentralAmericaData.com of the most updated information on the automotive market in Central American countries.

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Of the total number of vehicles circulating in the region at mid-year, 35% were located in Guatemala, 20% in Costa Rica, 14% in Honduras, 11% in Panama, 11% in El Salvador and 9% in Nicaragua.

As of the first half of this year, 43% of the vehicles circulating in the region were automobile type, 32% motorcycles, 16% light load units, 5% heavy load and 3% were buses.

The share of light-duty vehicles (pick up trucks) in the total fleet has grown significantly in recent years, as at the end of 2017 they represented 13%, and by June of this year the figure had reached 16%.

Toyota remained the brand in Central America with the largest number of vehicles circulating in the region.

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FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

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