Costa Rica autos market has lost steam during the 2017, after three years of consecutive record. Sales fell 13% following the trend in the economy, where the fast growing speed has shown a deceleration Toyota is market leader with 17.7% of share.
Economic Environment
Costa Rica’s economy expanded 3.2% in 2017 compared to the previous year, a slowdown from 4.2% growth in 2016. Although hard economic data for the fourth quarter is still pending, indicators suggest Costa Rica saw an economic improvement following a weak third quarter.
In December, economic activity expanded at the fastest rate in 10 months, according to the Central Bank’s monthly index. The expansion was driven by strong performances in the services and manufacturing sectors, although a weak construction sector held the economy back somewhat.
Market Trend
Costa Rica autos market in 2017 pushed the brake after three consecutive all time record with total vehicles sales at 51.875 units, down 13.0% from the previous year. Car passenger’s sales have been 49.415, down 13.1%.
Market leader was Toyota with 9.160 sales (-7.2%) with 17.7% of market share, followed by Chevrolet with 8.239 (+23.5%) and Nissan with 7.002 (-1.0%).
Tables with sales figures
In the tables below we report sales for Top Brands
