We aimed to improve the understanding of the establishment of Serrasalmus marginatus (non-native), which was followed by a decrease in the abundance of Serrasalmus maculatus (native) in the upper Paraná River floodplain. We estimated age, mortality rate, length and age at first maturity and variations in gonad development in three time-periods along a 26-year truncated time scale for both species. Population and reproduction parameters of both species showed substantial fluctuations among periods. Most age classes were sampled in all time-periods, but with considerable difference in abundance, with predominance of older individuals in the second time-period and younger individuals in the third time-period for both species. The mortality rates decreased for both species in the second time-period, but increased for the native in the third time-period. Length and age at first maturity decreased in the second time-period for both species, increasing the number of mature individuals on their populations. In the third time-period, the number of immature individuals increased for both species. We suggest that species experienced stressful conditions during cooccurrence and this have resulted in physiological responses in both species, reflecting in population and reproductive adjustments that may have relaxed competitive interactions between them, optimizing survival, reproductive effort and coexistence.(AU)