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Insidecostarica.com - San José, Costa Rica  -     Wednesday 24 January 2007

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Automobile Imports Increased 20% in 2006
Costa Rica imported a total of 46.484 new and used automobiles in 2006, 20% more than in 2005 with 38.860 imported vehicles. That makes it an average of 127 vehicles were imported each day, while in 2005 the number was 106.

The imported vehicles represents 5.6% of the 830.379 vehicles registered in the country, according to the records of the Instituto Nacional de Seguros (INS), who collects the obligatory insurance on each vehicle through its issuance of the "marchamo" - circulation permit.

Records indidcate that the vehicles has a "valor fical" (tax value) of ¢145.600 million colones (us$280 million dollars).

According to figures by the Ministerio de Hacienda and the Dirección General de Aduanas (Revenue Ministry and customs department), 64% of the vehicles (29.570) were used, while the rest were new vehicles.

Hacienda says that the value of the used vehicles amounted to us$25 million dollars or an average of us$2.795 per vehicle.

José Carballo, president of the Cámara Costarricense Automotriz (Costa Rican Automotive Chamber) - which groups together used car importers - confirmed the increase in importations and assured that the trend will continue for 2007.

"There is a new government, the economy is growing and inflation is under control", said Carballo, indicating that those factors are the main reason for the increase in imported vehicles.

Javier Quirós, president of the Asociación de Importadores de Vehículos y Maquinaria (Aivema) - which groups importers of new vehicles - also agrees that vehicle imports will continue to increase. The total number of new cars imported in 2006 was 16.915, 26% over the number imported in 2005 (13.412),

Quirós said that the average value of each new car imported during last year was us$11.646.

 




 

 
   

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