Puerto Rico 2015. Sales down for second year in a row.

Puerto Rico Vehicles sales in 2015 fell down for the second year in a row, hit by persistent recession and high unemployment rate. Toyota was market leader followed by Koreans Hyundai and Kia.

Country Outlook

The Congress announced that a plan to assist Puerto Rico through its long-lasting debt crisis that topped off two years of recession should be announced by the end of March. Most of the debate surrounds debt restructuring schemes and whether or not Puerto Rico can declare bankruptcy.

Negotiations have intensified between stakeholders lately as a USD 2 billion payment scheduled for 1 July is highly regarded as the next major deadline.

Several administrative officials have warned about the risk of a major humanitarian crisis if Congress does not address Puerto Rico’s situation quickly, as financing of the Medicaid health care system, which covers 1.6 million people, is under threat.

Market Outlook

The light vehicles market declined in Puerto Rico, for the second year in a row. Indeed, according to data released by local authorities in the 2015 vehicles sold have been 83.688, down 7.4% from the previous year, hit by persistent recession and high unemployment rate.

The market is dominated by Asian manufacturers with Toyota first with 21.980 sales (-8.8%) followed by Hyundai with 9.283 (+6.4%), Kia with 8.665 (+3.4%), Nissan at 7.894 (-9.8%) and Ford with 6.710 (-7.8%).

As far as best-selling models ranking, the Toyota Corolla was on top of the list with 7.159 units (-15.7%) followed by Toyota Yaris with 5.398 (-13.4%) and Hyundai Accent with 3.279 (-11.3%).

Below, you can sort our interactive tables to see data regarding Brands, Groups and Models. Please bear in mind that sales data are subject to adjustments as sources will update their information. This report is updated at the publishing date and will not be modified while the next on this subject will always have the year to date data updated.