Guatemala vehicles market in 2019 is reporting a moderately positive performance. Indeed, Year to Date November sales have been 22.693, projecting the full year to 25.538, up 5.7%. Toyota leads with 25.8% of share, keeping a wide gap over Hyundai and Kia.
Guatemala vehicles market dropped down 3.5% in 2018 for the third year in a row. The new vehicles’ market is experiencing a severe erosion due to the importation of used cars. Ford and Hyundai shine within the Top10, while the leadership is still held Toyota.
Guatemala vehicles market was shy in the 2017 losing 4.8% from the previous year and declining for the second year in a row. However, Ford shine and gained the second place, immediately behind the leader, Toyota.
Guatemala Cars Sales in First Half 2016 rose slightly, recording the peak in April. Toyota led the market despite having lost volume while Hyundai and Ford have reduced the gap.
Guatemala Vehicles Industry in 2015 established again a record outpacing the 30.000 units of new cars for the first time ever. Growth is fueled by fast economy and growing population.
In 2014 Guatemala Car Market hit the 10th consecutive record year as the market benefit from a stable steady economic growth. The new vehicle domestic market leader is Toyota.