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Nicaragua 2014: Sales of New Vehicles Up 4.4%

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TODAY NICARAGUA – During 2014 15.100 new vehicles were sold which is 4.45% more than sold in 2013.

Although the automotive industry experienced a slight slowdown in sales in early 2014, goals for the end of the year were reached, thanks to a rebound in the fourth quarter.

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Elnuevodiario.com.ni reports that “… In 2012 a total of 12,524 units were sold, which demonstrates the annual rate of growth of the sector which is benefiting from the financing terms offered by various financial institutions. ”

José Adán Aguerri, president of the Superior Council of Private Enterprise, added “… Initially the Nicaraguan Association of Motor Vehicle Dealers projected selling 15,000 units, which means it was a good year for the automotive sector. ”

Source: elnuevodiario.com.ni

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