Colombian Auto Market in 2019 kept recovering at moderate speed. Indeed, Total sales in 2019 have been 257.222 (+1.8%). Renault has conquered the head of the ranking, putting an end to the historic domain of Chevrolet.
Economic Environment
Market Trend
After a positive period ended in the 2014 with a peak of 316.482 units, the Colombian vehicles market started a decline with sales dropped down at 245k in the 2016. Moreover, in 2017, also due to a 3 points of VAT increase applied since January 2017, the market registered the lowest peak in this decade.
Finally in 2018 the market was able to change direction and to post a positive score, with 256.662 sales, up 7.9%,
In 2019, according to date released by the Colombian Associations of Car Manufacturers, the market kept recovering. Indeed, Total sales in 2019 have been 257.222 (+1.8%).
In the competitive arena, Chevrolet’s historic domain has ended this year, as Renault conquered the head of the ranking. Indeed, the French-based brand – holding 22.2% of share – has raised its market share by over 5 points during the last decade. On the other side, Chevrolet crumbled from 30.1% of share in 2010 to 18.1%.
In third position, Nissan closed to 8.4% of market share, while the followers, Mazda and Kia, have ended respectively with 7.9% and 7.8%.
Tables with sales figures
In the tables below we report sales for all Brands and top 10 Manufacturers Group.
