Peru Full Year 2024: Toyota and Hyundai top negative market (-8.2%)

Hyundai is up to 2nd place in Peru in 2024.

New light vehicle sales are down -8.2% year-on-year in 2024 to 151,062 units. Toyota (-11.3%) is still the unstoppable leader but sees its market share thaw from 22.3% to 21.5%. Hyundai (-5.4%) overtakes sister brand Kia (-7.8%) to snap the 2nd spot with an improved 9.3% share. Chevrolet (-20%) stumbles down but still manages to remain in 4th position above Changan (-3.7%) and DFSK (-6.8%). Nissan (-20.6%) is also in a bad way at #7 whereas Ford (+19.1%) and Suzuki (+3%) defy the negative environment and post the only year-on-year upticks in the Top 10. Just below, Mitsubishi (+15.8%) and Jetour (+24.1%) excel, with the latter up four spots on last year to #12.

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Full Year 2024 Top 25 brands ranking vs. Full Year 2023 figures below.