Colombian Auto Market in 2025 keeps expanding. Sales up to May grew 23.1%, with Renault becoming leader and Kia rising into 2nd with impressive EV growth. BYD remains the standout performer, surging 7 spots into 10th.
Economic Environment
In 2025, Colombia’s economy is forecast to grow moderately at 2.5%, supported by improving investment, especially in machinery and civil works, and recovering private consumption. Inflation is expected to continue falling toward the central bank’s target, enabling interest rate cuts down to 6.5%, easing financial conditions. While employment is gradually rising, labor force participation, especially among youth and women, remains a challenge. Exports, particularly services, are strong, but the external deficit is widening due to rising imports and persistent fiscal pressures.
The peso is likely to stay weak amid global uncertainties, including higher U.S. interest rates and geopolitical risks. Investment will outpace GDP for the first time since 2022, but domestic and external savings remain insufficient to sustainably finance growth. Overall, economic recovery is underway, yet vulnerable to both global shocks and structural imbalances.
Automotive Industry Trend and Outlook
Following an impressive performance in Q1, the Colombian vehicle market surged 23.1% up to May 2025, reaching 87,030 units.
Brand-wise, Renault -up 1 spot- surged into 1st (+32.4%), followed by Kia -up 2 spots- into 2nd (+48.3%). Toyota -down 2 spots- fell into 3rd (-14.2%).
Mazda -up 1 spot- ranked 4th (+32.8%), followed by Chevrolet -down 2 spots- in 5th (-10.8%), Nissan in 6th (+11.2%) and Suzuki in 7th (+10.3%). Hyundai -up 2 spots- achieved 8th position (+126.4%), followed by Volkswagen in 9th (+32.4%) and BYD -up 7 spots- in 10th (+438%).
For what concerns the best selling models, the Kia K3 became the new best-selling model, surging 133.4% and 8 spots into 1st. Last year’s leader, the Toyota Corolla Cross followed in 2nd, gaining 5.3%.
EV Market Trend and Outlook
Colombia’s EV market surged 275.1% up to May 2025. Though still limited to 6.45% of total vehicle sales. Driven by investments and targeted policies, the country continues to be LatAm’s fastest-growing markets for low-emission vehicles
BYD took the lead with 318.5% growth, its early entry now rewarding strong brand trust. Kia also reported impressive gains, growing 3 spots into 2nd while Chevrolet dropped 1 spot into 3rd.
Medium-Term Market Trend
In 2014, Colombian vehicle sales peaked at approximately 318,625 units, up 8.5% from the previous year. However, subsequent years saw a decline due to economic challenges and market saturation. By 2019, sales had dropped to 220,581 units, with a 30.8% drop from 2014 peak.
The COVID pandemic further impacted the market, causing a 61.3% decline in 2020, with 85,282 units sold. Recovery began in 2021, driven by economic stabilization and soaring demand, leading to 200,914 units sold,( +135.6%). This upward trend continued into 2022, with sales reaching 208,160 units, (+3.6%).
However, 2023 saw a downturn, with sales dropping to 144,633 units, down 30.5% from 2022. Despite this, the market showed resilience in 2024, bouncing back to 201,219 units, (+7.7%)..
The EV sector struggled to gain traction in the country until 2022, when increased environmental awareness, government incentives, and improved infrastructure spurred growth. Despite broader economic challenges in 2023, the EV market expanded by 11.3% in 2024, achieving a 4.18% share of total vehicle sales.
Tables with sales figures
In the tables below we report sales for all Brands and top 10 Manufacturer Groups.
