Peru 2017. Auto sales up fueled by economic expansion

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Peruvian Auto Industry in the 2017 find stability breaking the multi-year fall, with sales up 6.4%. Despite effects of devastating floods (in March) and political scandals the economic activity continued to expand. Toyota is the leader followed by Hyundai and Kia.

Peruvian economy likely continued to expand at a reasonable pace in the final stretch of 2017, after recording a slight acceleration in year-on-year growth in Q3 from Q2. Economic activity continued to expand in annual terms in November, albeit at a slower pace than in the prior month, led by a solid expansion in the construction sector on the back of a scaling-up in public infrastructure expenditure. Credit expansion likewise supported growth, as did mining production. However, official data showed that in both November and December annual growth in public investment decelerated, while business sentiment weakened significantly in the final month of 2017.

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. According to data released by the  A.R.A.P.E.R. (Association of Peruvian Car Manufacturers), in the 2017 the market stabilized posting a feeble recovery, with 163.668 sales, up 6.4%.

Sales 2012Sales 2013Sales 2014Sales 2015Sales 2016Sales 2017Sales 2018 e
2012 Var2013 Var2014 Var2015 Var2016 Var2017 Var2018 var e

Brand-wise, the market leader Toyota has sold 29.703 units (+7.7%), better than Hyundai, second with 27.396 (+8.1%) and Kia, third with 20.525 (-3.2%).

Model-wise, the best seller is the Toyota Yaris with 7.694 units (-6.6%) ahead of the Toyota Hilux with 7.595 (+47.2%) and the Kia Rio Sedan with 6.144 (+8.2%).

Rank 2017Rank 2016BrandSales 2017Sales 2016Variation 2017Share 2017Share 2016
Rank 2017Rank 2016Sales 2017Sales 2016Variation 2017
11Toyota Yaris sedan7.6948.240-6,6%
23Toyota Hilux7.5955.16047,2%
32Kia Rio sedan6.1445.6808,2%
45Hyundai Accent sedan5.4813.51356,0%
57Hyundai Grand i104.1833.20130,7%
64Kia Picanto3.7954.066-6,7%
76Chevrolet Sail3.4693.4191,5%
89Toyota RAV42.8632.16032,5%
911Hyundai Tucson2.2582.1047,3%
108Nissan Sentra2.2032.719-19,0%