Peruvian vehicles market in March 2021 reverses the negative trend of the previous months. In fact, 14.913 units have been sold in March (+94.6%), leading Q1 sales at 40.118 (+7.4%). The leader Toyota grows 325.6% while Mitsubishi falls 54%.
Market Trend in March
In March, the Peruvian vehicle market reports a trend reversal and starts recovering effectively compared to the first two months of the year. Indeed, 14.913 units were sold in March 2021 (+94.6%), leading Q1 sales at 40.118 sales, a 7.4% increase in sales compared to 2020. Sales in Q1 2019 were even lower, so growth compared to pre-pandemic levels in Q1 has been of 8.4%.
Brand-wise, the leader Toyota grew 325.6% this month followed by Hyundai which gained 116.2%. The sharpest drop in sales has been reported by Mitsubishi, which lost 54%.
Medium-Term Market Trend
The market has been growing consistently in the decade 2004-2013 hitting a record of 174.495 sales before being frozen by economic recession and decline for three consecutive years at the 153.876 sales in 2016. However, in 2017 the market stabilized posting a feeble recovery, with 163.668 sales, up 6.4%. In 2018, the market has been quite unstable, closing with 147.803 sales, losing 9.7%.
In 2019, according to data released by the A.R.A.P.E.R. (Association of Peruvian Car Manufacturers), they held a flat trend. Indeed, Full-year registrations have been 151.658 (+0.2%).
Due to the COVID-19 pandemic sales fell in 2020. In fact, 125.090 units have been sold, reporting a decline of 17.5% compared to 2019.
In January 2021 the market started the new year on a negative tone with 13.949 units sold, an 11.7% decrease compared to the previous year, and it fell further down in February, with 11.256 units sold (-19%).
Tables with sales figures
In the tables below we report sales for top 10 Brands.
