America Centre

In 2014 Costa Rica Vehicle Market rose 4% fueled by positive economic environment and used vehicles import cut. Toyota kept the crown as best-selling brand ahead of Koreans competitors.

Bermuda vehicles market falls due to the global pandemic affecting sales. Indeed, Full Year 2020 sales have been 1.123, down 21.8% compared to 2019. Kia remains in a solid position of leadership, followed by Toyota and Hyundai.

Dominican Republic Vehicles market in the 2017 has lost 16% following the peak hit in the previous year, when the new all time record was established. Toyota has lost the leadership taken by Hyundai, with a wide gap. In third place the other Korean, Kia.

Honduras Vehicles Sales in 2015 improved for the fourth year in a row, hitting the new all time record with 14.292 sales, fueled by internal demand, gaining strength during the year. However, new new vehicles are still penalized by used imported cars.

Panama Vehicles Market reported the third gain in a row in 2023. Sales were 48.919 (+16.0%), the 7th highest level ever and not far from the above 50.000 level always achieved between 2013 and 2018.

Nicaragua vehicles market in 2018 was flat. Indeed, the year ended with sales at 11.588. Toyota held the market throne with 24% of market share - losing over 7 points of share since 2015 - followed by Nissan with 14.9% and Hyundai with 9.8%.

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.

Bermuda vehicles market is fueled by rent a car and tourism business, which account 28% of the national GDP. In 2018 the market hit the all-time record with 1.433 units, up 4.1%.

Nicaragua vehicles market in 2019 is marginally negative. Indeed, Year to Date November sales have been 10.491, projecting the full year to 11.448 (-1.2%). Toyota keeps leading the ranking with 24.3% of share, ahead of Nissan and Hyundai.