There are approximately 1.7 million fleet vehicles in operation in Peru. In 2011, approximately 150,000 new vehicles were sold, representing a 29-percent increase over the prior year.
The factors contributing to the increase were identical to those in Colombia, including lower taxes on imported vehicles, an average income increase for workers, brand and price diversity, and growing financing alternatives.
The fleet market in Peru is still immature and there is a lack of understanding about the fleet leasing product. In addition, there are dealer and service reliability issues in Peru.
--By Mike Antich