Colombia 2023. New Vehicle Market Heavily Drops (-28.9%)

The 2024 Kia EV9
The 2024 Kia EV9

Colombian auto market fell sharply in 2023. New vehicles sales  dropped 28.9% compared to the previous year, at 186,826 sales. The industry is mirroring the economic difficulties in the country and the market reported 17th consecutive falling months.

Market Trend and Outlook

This negative economic outlook was mirrored by the Colombian four wheelers market, which in 2023 dropped at 186,826 sales (-28.9%). December continues a 17 month negative streak, reporting 19,872 sales (-9.3%).

Looking at cumulative data up to December 2023 brand-wise, Renault ranks in 1st with 26,417 sales (-45.7%) and Toyota rises 1 spot into 2nd with 25,940 (+1.1%).

Chevrolet -down 1 spot- ranks in 3rd with 23,838 sales (-42.0%), followed by Mazda -up 2 spots- at 17,583 (-1.5%), Kia at 15,746 (-17.4%), Suzuki -down 2 spots- at 10,389 (-51.9%) and Nissan -up 1 spot- with 9,741 sales (-6.3%).

The Volkswagen falls 1 spot into 8th with 6,735 (-55.6%), followed by Ford -up 1 spot- in 9th at 6,476 (+4.5%) and Hyundai -down 1 spot- with 5,128 sales (-24.4%).

The Renault Duster is the best selling model despite losing 34.3% from the previous year, followed closely by the Toyota Corolla Cross up 7.7% and 10 spots.

Tables with sales figures

In the tables below we report sales for all Brands and top 10 Manufacturer Groups.

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