Nissan’s sales increased 14.3% in South America for fiscal year 2017, and total vehicle sales in the region were the most since the company started operations in the region.
Imported Chinese brand vehicles are increasing their market share in the small business fleet market in Peru since most models are priced well below the average market price. This has put downward pressure on used-car prices.
The fleet market in Peru for 2016 is forecast to be around 10% of total automotive sales of 171,000 units, which is a decrease from 2015.
Peru is one of the fastest growing economies in Latin America, and the economy of Chile is ranked as a high-income economy by the World Bank.
The South American automotive market has tremendous potential. IHS Insights forecasts the continent’s automotive market will grow significantly by 2025, becoming one of the top three growth markets globally for light-vehicle sales.
Dubai-based Abraaj Group has announced the acquisition of a majority stake in URBANO Express, a courier and light logistics solutions company in Latin America with operations in Peru, Ecuador and El Salvador.
An ambulance fleet of 149 vehicles was presented by Peruvian President Ollanta Humala.
JAC and its Peru distributor have unveiled the X200 mini light-duty truck. The X200 is the second launched market of JAC in South America after Paraguay.
Peru's President Ollanta Humala recently made the official presentation of the country’s new police patrol fleet, which is composed of 500 vehicles, to strengthen Peru’s National Police (PNP) to fight crime and improve citizen safety across the country.
There are approximately 1.7 million fleet vehicles in operation in Peru.