Jamaica vehicles market in 2018 the market suddenly grew at high speed. Indeed, the year ended with sales at 7.176, soaring 33.5%. Toyota kept leading the ranking with 32.1% of share, followed by Kia and Volkswagen.
Economic Environment
Jamaica’s economy grew year-on-year 1.5% in 2018, bolstered by private consumption and external demand, as there was some slowdown in investments and government consumption. Growth is expected to accelerate to an average of 2% over the medium-term.
Market Trend
Jamaica’s vehicles market is quite stable between the 5.000 – 6.000 annual sales. After hitting the best in the 2015, with 6.576 units, the trend embarked on a negative path and in the 2017 market fell down for the second year in a row, at 5.376 units, down 5.7% from the previous year.
In 2018, the market suddenly grew at high speed. Indeed, the year ended with sales at 7.176, soaring 33.5%.
Brand wise, the trend is of progressive increase of competition year after year, with new players joining the arena eroding share to the previous players. In 2018, Toyota kept dominating the ranking – holding 32.1% of share – ahead of Kia and Volkswagen.
Tables with sales figures
In the tables below we report sales for Top Brands
