Robust New Vehicle Sales in Peru

Peru's new vehicle sales reached 22,241 units in April, a 38% y/y increase, leading Scotiabank to raise its full-year 2026 growth forecast to 12%. Growth remains robust across both light and heavy-duty segments despite electoral uncertainty and rising global oil prices.

Key Takeaways

• 1.Scotiabank has revised its 2026 Peru vehicle sales forecast upward to 12% annual growth, expected to exceed 200,000 units.
• 2.April vehicle sales in Peru remained strong at 22,241 units (up 38% y/y), marking the 14th consecutive month of double-digit growth.
• 3.The impact of the current presidential election cycle on demand for durable goods has been milder than in previous years due to strong formal employment and liquidity.

Table of Contents

• Latam Daily: Robust New Vehicle Sales in Peru
• 2026 OUTLOOK

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