Peru Auto Market 2016 has lost moderately and for the third year in a string. The performance is considered almost positive under the light of country recession and political difficulties. Toyota lead ahead of Hyundai and Kia.
Peru’s economy is taking a hit from a corruption scandal that is reverberating through Latin America. The Brazilian construction giant Odebrecht is accused of bribing high-ranking officials in Peru in order to win several construction projects across the country, including a USD 5 billion gas pipeline. Now these are set to be suspended until alternative partners are found. Against this backdrop, the finance ministry cut Peru’s growth forecast sharply for this year as investment is will be hampered as a result of the freeze in some public infrastructure plans.
In a recession environment, in which the country is enveloped since a couple of years, the automotive industry has lost the outstanding momentum long almost 15 years since the start of the current century, when annual new vehicles sales boosted from near 10.000 up a record of 177.524, written in the 2013. Since then, sales are declining
According to data released by the A.R.A.P.E.R. (Association of Peruvian Car Manufacturers) in the 2016 sales had been 153.876, down 2.3%, the term moderately decline in a row.
Considering the very bad political and economic mood, the market is keeping a good performance, while risks for sharp decline are still live and could materialize in the 2017.
Toyota is market leader, while losing 6% from the previous year, ahead of Hyundai (+10.1%) and Kia (-3.2%). Chevrolet, the strongest brand in South America ranks in fourth place (+6.0%) ahead of Nissan (-2.6%) and Suzuki (+2.1%).
Above, 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|
|Rank 2016||Rank 2015||Model||Sales 2016||Sales 2015||Variation|
|1||1||Toyota Yaris sedan||8.240||12.439||-33,8%|
|2||2||kia rio sedan||5.680||8.436||-32,7%|
|5||5||Hyundai Accent sedan||3.513||5.210||-32,6%|
|7||6||Hyundai Grand i10||3.201||4.904||-34,7%|