Nicaragua 2016. New all time record

Nicaragua Auto Sales Toyota-Tacoma_TRD_Off-Road-2016

Nicaragua Auto Sales established a new all time record in the 2016 taking full benefit by the strong economic momentum and by the booming tourism sector. Thanks to the wide line up, Toyota kept the market leadership.

Nicaragua’s economy motored ahead last year and grew 4.7%, according to recently released Central Bank data. The economy was propelled by buoyant domestic demand, with rising real wages and employment stoking private consumption, and a surge in public infrastructure investment. 2016 also saw a solid showing from the agricultural sector thanks to supportive climatic conditions, and booming tourism revenues, a testament to the positive security situation in the country.

Thus, no surprise if the domestic vehicles market reported a brilliant performance, hitting the new record. As reported by the ANDIVA, total new vehicles sales had been 22.290, up 18.7%.

All segments are growing, but the compact cars more than the industry also fueled by a fast growing renting segment.

The best selling brand was again Toyota with 3.273 sales (+37.5%) and 14.7% of market share, but the surprise was the fast growth of Chevrolet advanced in second place with 2.501 sales (+32.0%) ahead of Ford with 2.467 units (+27.7%).

Below, you can sort our interactive tables to see data regarding Brands, Groups and Models. Please bear in mind that sales data are subject to adjustments as sources will update their information. This report is updated at the publishing date and will not be modified while the next on this subject will always have the year to date data updated.

Rank 2016 Rank 2015 BRAND Sales 2016 Sales 2015 Variation 2016 Share 2016 Share 2015
1 1 Toyota 3.273 2.380 37,5% 14,7% 12,7%
2 4 Chevrolet 2.501 1.894 32,0% 11,2% 10,1%
3 3 Ford 2.467 1.932 27,7% 11,1% 10,3%
4 2 Hyundai 2.256 2.131 5,9% 10,1% 11,4%
5 6 Volkswagen 1.930 1.508 28,0% 8,7% 8,0%
6 5 Kia 1.767 1.540 14,7% 7,9% 8,2%
7 8 Honda 946 738 28,2% 4,2% 3,9%
8 7 Nissan 898 912 -1,5% 4,0% 4,9%
9 9 Jeep 718 702 2,3% 3,2% 3,7%
10 11 Mercedes 546 456 19,7% 2,4% 2,4%

(264)

In the spotlight

Brazil Outlook 2017. Recession is not over

Brazil Automotive Industry outlook in the 2017 is not yet positive albeit the prolonged crisis. Indeed economic perspective are still negative and the sector has not yet bottomed out. Market recovery from 2018