Global Automotive Export Resource Guide | Page 111

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Used and Remanufactured Automotive Market

There are no restrictions or conditions placed on the importation of used, remanufactured, or rebuilt motor vehicle parts in Honduras. Remanufactured parts are not treated differently from used parts, and there are no quotas or limitations. Although Honduras is a price sensitive market, there is a strong preference for new automotive parts among end users.

Heavy Duty Products Summary

The market for heavy duty vehicles presents good growth prospects in Honduras, particularly as it relates to economic activity related to the construction and freight transport industries. Some of the country’s infrastructure development initiatives, including road maintenance, energy generation, and port/airport modernization projects, are driving sales in this sector. Heavy-duty vehicles and trucks represent 13% of the local on-road fleet, including commercial trailers, tractors, vocational trucks, and buses as the main segments. Public service transportation units also represent one of the major end-users of automotive parts and accessories in Honduras. Most of the urban transportation fleets use buses of low operational quality, which are 80 percent obsolete. The replacement needs for urban buses alone is estimated at over USD 60 million. Based on National Statistics Bureau data, buses and other passenger transportation vehicles report an average annual growth of 2,500 units.

Specialty Equipment Product Summary

There are no restrictions for customizing vehicles in Honduras. Although the specialty equipment market is relatively small, more and more mainstream consumers are modifying their vehicles to enhance comfort or convenience. Most common custom car product categories include wheels, light kits, grille inserts, chrome trims, and mobile electronics.

Best Prospects for U.S. Exports

For More Information about exporting to Honduras contact:

Rommel Alcantara

Commercial Specialist - Global Auto & Smart Mobility Team

U.S. Embassy Tegucigalpa, Honduras

[email protected]

(504) 2236-9320

best prospects