Peru 2015. Vehicles Sales fell 5% albeit GDP acceleration

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Peru Vehicles Sales in 2015 fell 5% albeit the acceleration in GDP growth. The market has been one of the fastest growing in South America in the last decade. Toyota is market leader with the Yaris sedan as best-selling model.

Country Outlook

Peru’s economy, boosted by a sharp acceleration of GDP growth in the fourth quarter, picked up in 2015. A surge in mining output led exports to record the largest expansion in three years as the economy continues to weather external headwinds well.

On the political front, Peruvians will head to the polls on 10 April for general elections. The presidential race took an unexpected turn in March, when Julio Guzmán was barred from competing. Guzmán had risen sharply in the polls in recent weeks to emerge as the main opposition to front-runner Keiko Fujimori.

Despite the recent turn of events in the political sphere, Peru’s economy is expected to remain on a stable growth path this year. Surging mining output will help mitigate the effects of low commodity prices and support GDP growth.

FocusEconomics panelists expect that the economy will rise 3.3% this year, which is unchanged from last month’s projection. Next year, the panel expects GDP growth to accelerate to 3.9%.

Market Outlook

According to data released by the  A.R.A.P.E.R. (Association of Peruvian Car Manufacturers) in the 2015 the total new Light Passenger Vehicles sold in Peru declined 4.3% at 157.546 units, posting the second lost in a row after the all-time record scored in the 2013.

Despite reporting a 13.1% lost, Toyota kept leadership with 29.810 sales and 18.9% of market share.

In second place Hyundai with 23.504 units sold (-2.4%) followed by Kia with 22.860 (+0.5%), Nissan with 12.996 (+1.8%) and Chevrolet with 11.778 (-16.0%).

The best-selling model was the Toyota Yaris (in the sedan version) with 12.439 sales (+0.2%) followed by the Kia Rio with 7.436 (+50.9% and the Toyota Hilux with 6.600 (-4.3%).

Above, you can sort our interactive tables to see data regarding Brands, Groups and Models. Please bear in mind that sales data are subject to adjustments as sources will update their information. This report is updated at the publishing date and will not be modified while the next on this subject will always have the year to date data updated.

Rank 2015Rank 2014Brand201520142015 VarShare 2015
Rank 2015Rank 2014ModelSales 2015Sales 2014Var 2015Share 2015Share 2014
11Toyota Yaris sedan12.43912.4190,2%13,6%13,7%
24Kia Rio8.4365.59250,9%9,2%6,2%
33Kia Picanto5.5896.060-7,8%6,1%6,7%
45Hyundai Accent5.2105.1211,7%5,7%5,7%
534Hyundai Grand i104.904-5,4%0,0%
619Nissan Sentra3.3462.00766,7%3,7%2,2%
714Hyundai Elantra3.3362.83017,9%3,7%3,1%
82Chevrolet Sail3.3006.072-45,7%3,6%6,7%
911Hyundai Tucson3.0183.168-4,7%3,3%3,5%
1012Hyundai Santa fe2.9952.9950,0%3,3%3,3%