Peru June. Toyota & Renault shining in a market up 5.4%

Peruvian Cars market

Peruvian Cars market improved by 5.4% in June with 12.547 units sold. The leader Toyota signed an impressive performance, increasing its market share to 19.3%. However, the best brand in the Top 10 was Renault, soaring at 63.2% and gaining the 7th place.

 

Economic Environment

Peruvian economic growth appears to have remained unremarkable in the second quarter, after cooling domestic demand and a weaker external sector caused growth to more than halve in the first quarter. Economic activity stalled in April, dragged down by a sharp fall in manufacturing, and by continued disruptions at Las Bambas mine, which also affected exports. That said, credit growth remained healthy in April and May, suggesting consumer spending was robust.

 

Market Trend

Peruvian vehicles market growth consistently in the decade 2004-2013 hitting a record of 174.495 sales, before to be frozen by economic recession and decline for three consecutive years at the 153.876 scored in the 2016. However, in 2017 the market stabilized posting a feeble recovery, with 163.668 sales, up 6.4%.

In the 2018, according to data released by the A.R.A.P.E.R. (Association of Peruvian Car Manufacturers) the market has been quite unstable. Indeed, after fluctuating over the entire year, the market closed with 147.803 sales, losing 9.7% from the previous year.

In 2019, the market started on the wrong foot. However, in June sales improved by 5.4% with 12.547 units sold, leading the year-to-date figures at 74.972, down 4.9%.

 

Competitive Arena

Brand-wise,  in June market leader was again the Toyota, selling 14.450 units (+0.5%) with 19.3% of market share.

In second place Hyundai with 9.394 sales (-22.3%) followed by Kia with 6.710 (-20.4%), Chevrolet with 4.551 (-1.4%), Suzuki with 3.778 (-19.9%), Nissan with 3.577 (+63.6%)  Renault with 2.815 (+91.4%), Mitsubishi with 2.754 (+8.1%).

Rank 2019Rank 2018BrandSales YTD 2019Jun 2019'+/- YTD 2019 Var'+/- Jun 19Share YTD 2019Share June 2019
11Toyota14.4502.4100,5%22,8%19,3%19,2%
22Hyundai9.3941.564-22,3%6,0%12,5%12,5%
33Kia6.7101.120-30,4%-22,9%8,9%8,9%
44Chevrolet4.551756-1,4%4,1%6,1%6,0%
55Suzuki3.778628-19,9%25,6%5,0%5,0%
66Nissan3.57759763,6%25,4%4,8%4,8%
712Renault2.81547091,4%63,2%3,8%3,7%
89Mitsubishi2.7544598,1%-25,8%3,7%3,7%
911Changan2.52242243,7%54,0%3,4%3,4%
108Mazda2.409399-11,9%19,8%3,2%3,2%

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