The Maya civilization flourished in Guatemala and surrounding regions during the first millennium A.D. After almost three centuries as a Spanish colony, Guatemala won its independence in 1821. During the second half of the 20th century, it experienced a variety of military and civilian governments, as well as a 36-year guerrilla war. In 1996, the government signed a peace agreement formally ending the internal conflict, which had left more than 200,000 people dead and had created, by some estimates, about 1 million refugees.Guatemala is the most populous country in Central America with a GDP per capita roughly one-half that of the average for Latin America and the Caribbean.
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.