Nicaragua vehicles market in 2019 is marginally negative. Indeed, Year to Date November sales have been 10.491, projecting the full year to 11.448 (-1.2%). Toyota keeps leading the ranking with 24.3% of share, ahead of Nissan and Hyundai.
Nicaragua vehicles market in 2018 was flat. Indeed, the year ended with sales at 11.588. Toyota held the market throne with 24% of market share – losing over 7 points of share since 2015 – followed by Nissan with 14.9% and Hyundai with 9.8%.
Nicaragua vehicles market has lost steam in the 2017 followed the previous year record, albeit domestic public and private consumption were fairly robust. Toyota kept the leadership with 17.9% of market share followed by Volkswagen.
Nicaragua Vehicles market in 2015 hit new all time record, the fourth in a row. The industry is fueled by fast economic expansion and increased regulation on the import of pre-owned vehicles.