Peru Vehicles Sales in 2015 fell 5% albeit the acceleration in GDP growth. The market has been one of the fastest growing in South America in the last decade. Toyota is market leader with the Yaris sedan as best-selling model.
Country Outlook
Peru’s economy, boosted by a sharp acceleration of GDP growth in the fourth quarter, picked up in 2015. A surge in mining output led exports to record the largest expansion in three years as the economy continues to weather external headwinds well.
On the political front, Peruvians will head to the polls on 10 April for general elections. The presidential race took an unexpected turn in March, when Julio Guzmán was barred from competing. Guzmán had risen sharply in the polls in recent weeks to emerge as the main opposition to front-runner Keiko Fujimori.
Despite the recent turn of events in the political sphere, Peru’s economy is expected to remain on a stable growth path this year. Surging mining output will help mitigate the effects of low commodity prices and support GDP growth.
FocusEconomics panelists expect that the economy will rise 3.3% this year, which is unchanged from last month’s projection. Next year, the panel expects GDP growth to accelerate to 3.9%.
Market Outlook
According to data released by the A.R.A.P.E.R. (Association of Peruvian Car Manufacturers) in the 2015 the total new Light Passenger Vehicles sold in Peru declined 4.3% at 157.546 units, posting the second lost in a row after the all-time record scored in the 2013.
Despite reporting a 13.1% lost, Toyota kept leadership with 29.810 sales and 18.9% of market share.
In second place Hyundai with 23.504 units sold (-2.4%) followed by Kia with 22.860 (+0.5%), Nissan with 12.996 (+1.8%) and Chevrolet with 11.778 (-16.0%).
The best-selling model was the Toyota Yaris (in the sedan version) with 12.439 sales (+0.2%) followed by the Kia Rio with 7.436 (+50.9% and the Toyota Hilux with 6.600 (-4.3%).
Above, 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.
| Rank 2015 | Rank 2014 | Brand | 2015 | 2014 | 2015 Var | Share 2015 |
|---|---|---|---|---|---|---|
| 1 | 1 | Toyota | 29.810 | 34.294 | -13,1% | 18,9% |
| 2 | 2 | Hyundai | 23.504 | 24.083 | -2,4% | 14,9% |
| 3 | 3 | Kia | 22.860 | 22.739 | 0,5% | 14,5% |
| 4 | 5 | Nissan | 12.996 | 12.764 | 1,8% | 8,2% |
| 5 | 4 | Chevrolet | 11.778 | 14.021 | -16,0% | 7,5% |
| 6 | 6 | Suzuki | 9.934 | 8.873 | 12,0% | 6,3% |
| 7 | 7 | Mitsubishi | 4.924 | 4.865 | 1,2% | 3,1% |
| 8 | 8 | Volkswagen | 3.972 | 4.574 | -13,2% | 2,5% |
| 9 | 9 | Mazda | 3.823 | 4.299 | -11,1% | 2,4% |
| 10 | 10 | Renault | 3.150 | 3.256 | -3,3% | 2,0% |
| Rank 2015 | Rank 2014 | Model | Sales 2015 | Sales 2014 | Var 2015 | Share 2015 | Share 2014 |
|---|---|---|---|---|---|---|---|
| 1 | 1 | Toyota Yaris sedan | 12.439 | 12.419 | 0,2% | 13,6% | 13,7% |
| 2 | 4 | Kia Rio | 8.436 | 5.592 | 50,9% | 9,2% | 6,2% |
| 3 | 3 | Kia Picanto | 5.589 | 6.060 | -7,8% | 6,1% | 6,7% |
| 4 | 5 | Hyundai Accent | 5.210 | 5.121 | 1,7% | 5,7% | 5,7% |
| 5 | 34 | Hyundai Grand i10 | 4.904 | - | 5,4% | 0,0% | |
| 6 | 19 | Nissan Sentra | 3.346 | 2.007 | 66,7% | 3,7% | 2,2% |
| 7 | 14 | Hyundai Elantra | 3.336 | 2.830 | 17,9% | 3,7% | 3,1% |
| 8 | 2 | Chevrolet Sail | 3.300 | 6.072 | -45,7% | 3,6% | 6,7% |
| 9 | 11 | Hyundai Tucson | 3.018 | 3.168 | -4,7% | 3,3% | 3,5% |
| 10 | 12 | Hyundai Santa fe | 2.995 | 2.995 | 0,0% | 3,3% | 3,3% |
