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Used Automotive Products Summary
Guatemala’s used automotive park has grown exponentially in the past 5 years. The geographic location of the country, and lack of strictly enforced regulations towards importing quality vehicles, allows thousands of used cars to enter Guatemalan borders every year. These vehicles usually enter the country with severe damaged, and are refurbished and sold locally. Used automotive parts are popular, if they are competitive in price. Asian brands and generic parts are the most popular in the market.
Reman Automotive Products Summary
Guatemala has over one thousand small auto repair shops. Guatemalan labor is very savvy and known for being experts at remanufacturing, event severely damaged parts and pieces. Remanufactured products can be in demand when it comes to engines, turbo parts, and others to use in industrial sites.
Specialty Equipment Product Summary
Customizing vehicles Guatemala is very popular and not prohibited. There are no regulations against customization of any kind of vehicle. In fact, the market is very open to gadgets, and any enhancing of performance products that are available. Much attention to price competitiveness when trying to enter the market with specialty products.
Market Trends & Demand
A niche segment of the market is already in preliminary discussions of electric vehicles, and transportation means that respond to environmental friendly technologies.
Guatemala is one of the U.S. top 10 importers of medium and heavy trucks. Parts to maintain these vehicles are in demand, and well accepted from U.S. brands.
Guatemala is a price driven market. There will always be demand for Automotive products and vehicles that compete in price against the cheap versions available in the market.
For More Information about exporting to Guatemala contact:
Antonio Prieto
Sr. Commercial Specialist - Global Auto & Smart Mobility Team
U.S. Embassy Guatemala City, Guatemala
(502) 2326-4310
Best Prospects for U.S. Exports
best prospects