Sales of New Cars In Belize – Data, Trends, Charts & Analysis
Here you will find annual car sales figures for Belize. 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 Belizean car sales figures, including a split between Passenger Cars and LCVs, or data going back before 2005, please get in touch with us.
Belize Automotive Sales Data & Recent Highlights
Yhe Belize car sales market has been growing in recent years. The market has been growing at a slow but steady pace, with the exception of 2020, when there was a sharp increase in sales. There are a number of factors that have contributed to the growth of the Belize car sales market. These include the growing economy, the increasing tourism industry, and the relatively low cost of cars.
The growing economy has led to an increase in disposable income, which has made it easier for people to afford cars. The increasing tourism industry has also created a demand for cars, as tourists need a way to get around the country. And the relatively low cost of cars makes them more affordable for people in Belize.
However, there are some challenges that the Belize car sales market faces. These include the high import duties, the limited availability of financing, and the poor road infrastructure.
The high import duties add to the cost of cars, making them even more unaffordable for many people. 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 these challenges, the Belize car sales market is expected to continue to grow in the coming years. The growing economy and the increasing tourism industry 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.
Belize New Motor Vehicle Sales Table
| Year | Sales | Growth |
|---|---|---|
| 2005 | 100 | |
| 2006 | 200 | 100.00 |
| 2007 | 100 | -50.00 |
| 2008 | 200 | 100.00 |
| 2009 | 150 | -25.00 |
| 2010 | 100 | -33.33 |
| 2011 | 100 | 0.00 |
| 2012 | 200 | 100.00 |
| 2013 | 200 | 0.00 |
| 2014 | 200 | 0.00 |
| 2015 | 400 | 100.00 |
| 2016 | 400 | 0.00 |
| 2017 | 374 | -6.50 |
| 2018 | 348 | -6.95 |
| 2019 | 348 | 0.00 |
| 2020 | 642 | 84.48 |
| 2021 | 600 | -6.54 |
| 2022 | 550 | -8.33 |
Belize New Motor Vehicle Sales Chart
Sources: Manufacturers, ANDC, JATO Dynamics.
