Automotive Market in Peru

The automotive market in Peru has been growing consistently. In 2022, the light vehicles market in Peru scored a surprisingly new record, with sales at 159,270 (+1.6%).

Market Share

The four-wheeler growth was led by Toyota, which sold 33,001 vehicles (+1.7%) with 20.7% of the market share in the entire year. The following is Hyundai. This second place reported a moderate decline with 15,613 sales (-3.0%), while Kia was third with 14,545 sales (+20.9%).

Behind, Chevrolet reported a short loss (-4.5%), closely followed by DFSK (+44.0%). Changan (-0.3%) is the sixth, followed by Nissan (-29.0%), Suzuki (-5.0%), Chery (+29.9%) and Volkswagen (-13.0%).

Popular Car Brands

According to a 2023 survey by Statista, the most popular car brand in Peru is Toyota, followed by Hyundai and Kia. In 2022, Toyota sold the most vehicles in Peru, with 33,001 units sold, accounting for 20.7% of the market share. Hyundai and Kia followed in second and third place, respectively.

According to a report by GMI Research, the automotive aftermarket in Peru is expected to grow moderately due to the increasing disposable income of consumers. The demand for passenger vehicles is predicted to rise as income increases and people’s vehicle preferences change.

Take part in the development as a trend leader by getting yourself a unique car wrap. Act now by getting in touch with our regional distributor today. You are only one step away from riding as a pioneer on the road.