Bolivia’s auto market in 2021 rises by 50.8% with 37,009 sales, reporting positive performance all year. Nissan reports the best performance on the leaderboard, gaining 85.9% and reaching second place.
Market Trend
Bolivia’s car market this year recovered very effectively from the pandemic crash and reported a positive performance in all quarters.
The automotive industry in 2018 has been stable, with sales up a mere 4% from the previous year, when the introduction of new limits for imported vehicles emission has hit the market, breaking the outstanding series of 12 consecutive record years, with a drop near 20% from the 2016 record.
After having stabilized, the market in 2018 was flat at 34,000 units, despite the strong battle for market share among all players – over 180 – distributed in the country.
After being stable in 2018, the Bolivian vehicle market took a hit in 2019. In fact, 20.7% fewer units were sold, with only 29,884 sales.
Due to the COVID-19 Pandemic full-Year sales for 2020 have been 24,537, reporting a 17.9% decrease in sales compared to 2019.
In 2021 the year started very positively for the Bolivian market, in fact, in Q1 8,126 units have been sold, reporting a 33% increase in sales compared to Q1 2020, and in Q2 sales started growing quickly, reporting a 123.3% increase in sales with 8,898 units sold due to the incredibly low sales volume registered in Q2 2020.
In Q3 sales kept growing 57.3% with 9,472 units sold, followed by a 24.9% increase in sales with 10,513 units in Q4.
Indeed, Full-Year sales for 2021 have been 37,009, reporting a 50.8% increase compared to 2020.
Brand-wise, this year the leader Suzuki (+73.1%) gained 3.2% market share, followed by Nissan (+85.9%), which gained 1.9% share. Renault (+14.2%) was in the third position and lost 2.1% market share.
The most sold model in the country remains the Suzuki Swift with 14,264 sales (+33.6%), holding 28% market share.
