Guatemala Motorcycles Market continues to grow up in the 2020 although the negative economic effects on the economy generated by covid19 spread. The market hit the new all time record - the sixth in a row - increasing over 20% over the previous year.
Paraguay Motorcycles Market in 2020 dropped down hit by covid19 and by economic recession, losing 73% of sales volume. However, the start of 2021 is back in a positive path, with year to date February sales up 25% projecting the year back over 100k. 70% of the market is controlled by local manufacturers
Latin America motorcycles market (16 countries) in the 2020 was sharply hit by covid19, economic crisis and currencies depreciation with full year sales down in double digit at 2.6 million. All top markets declined including Brazil, Colombia, Argentina, Ecuador.
Ecuador Motorcycles industry in the last decade boomed becoming a strong reality for the Latin America market. In 2020 the market was resilient with 160.900 sales (-7.5%), scoring the third highest level ever. The Chinese Shineray is market leader ahead of two local manufacturers.
Zanella is an Argentine brand leader in the motorcycles production and sales in South America, established 70 years ago and icon of Argentinian industry, employing near 1.000 people and selling just over 100 K per year. In The 2018, while celebrating the 70th anniversary, they have lost the leadership in the home market.