Sales of New Cars In Honduras – Data, Trends, Charts & Analysis
Here you will find annual car sales figures for Honduras. These statistics are Total Market Volumes, which include passenger cars as well as light commercial vehicles (LCVs).
These figures come from unconfirmed sources and can vary slightly from other data you may find elsewhere. Despite our best efforts to find the most reliable data, we can’t guarantee 100% accuracy, unless a specific source is mentioned below the table. Still, we’re confident the provided data is sufficiently indicative of the size and trend of the market to be published as such. If you have access to a confirmed source of Honduran car sales figures, including a split between Passenger Cars and LCVs, or data going back before 2005, please get in touch with us.
Honduras Automotive Sales Data & Recent Highlights
The Honduras car sales market has been growing in recent years, with the exception of a decline in sales in 2020 due to the COVID-19 pandemic. There are a number of factors that have contributed to the growth of the Honduras car sales market. These include the economic growth, the increasing urbanization, and the increasing demand for SUVs.
The economic growth has led to an increase in disposable income, which has made it easier for people to afford cars. The increasing urbanization has also created a demand for cars, as people need a way to get around in cities. And the increasing demand for SUVs is due to the fact that they are seen as more practical and comfortable than sedans.
However, there are some challenges that the Honduras car sales market faces. These include the high cost of cars, the limited availability of financing, and the poor road infrastructure.
The high cost of cars makes them less affordable for many people in Honduras. The limited availability of financing makes it difficult for people to get loans to buy cars. And the poor road infrastructure makes it difficult to drive cars in some parts of the country.
Despite the challenges, the Honduras car sales market is expected to continue to grow in the coming years. The economic growth and the increasing urbanization are expected to continue to drive demand for cars. And the government is taking steps to address the challenges facing the market, such as reducing import duties and improving the road infrastructure.
Top 5 Most Popular Automotive Brands In Honduras
The top 5 car brands sold in Honduras. These brands have been consistently popular in Honduras for many years. They offer a wide range of models to choose from, and they are known for their reliability and affordability.
- Toyota
- Nissan
- Kia
- Hyundai
- Chevrolet
Honduras New Motor Vehicle Sales Table
| Year | Sales | Growth |
|---|---|---|
| 2005 | 4,800 | |
| 2006 | 5,600 | 16.67 |
| 2007 | 7,100 | 26.79 |
| 2008 | 8,000 | 12.68 |
| 2009 | 6,000 | -25.00 |
| 2010 | 1,000 | -83.33 |
| 2011 | 1,000 | 0.00 |
| 2012 | 1,000 | 0.00 |
| 2013 | 1,000 | 0.00 |
| 2014 | 1,300 | 30.00 |
| 2015 | 900 | -30.77 |
| 2016 | 800 | -11.11 |
| 2017 | 9,766 | 1,120.75 |
| 2018 | 10,321 | 5.68 |
| 2019 | 9,508 | -7.88 |
| 2020 | 9,778 | 2.84 |
| 2021 | 12,216 | 25.87 |
| 2022 | 11,120 | -8.57 |
Honduras New Motor Vehicle Sales Chart
Sources: Manufacturers, ANDC, JATO Dynamics.
