Search results for: 'Latin American Used Car Growth Opportunities'

Latin America is going through challenging times with isolation measures and economic difficulties due to COVID-19. The global microchip shortages and the closure of regional automotive factories impacted new car sales, and stimulated the rise of their prices. It also provoked the increase of used car sales and prices in the region. In 2020, 18.5 m...

23 Aug 2022  |  Latin America  |  Frost Radar

Frost Radar™: Latin American Used Car Sales, 2022

A Benchmarking System to Spark Companies to Action - Innovation That Fuels New Deal Flow and Growth Pipelines

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Although not a fully formalized market yet, Latin American used car sales have expanded in the last few years as a result of new vehicles’ high prices and reduced supply scarcity because of pandemic-related supply chain issues. Most local used vehicle transactions happen informally. However, traditional car dealerships, online marketplaces, and...

The availability of digital pricing engines, the growth of online platforms, and the shift to organized platforms play a key role in market growth. Several companies, including Cars24, CarWale, CarDekho, Maruti Suzuki True Value, and Mahindra First Choice, offer various value-added services, such as vehicle inspection, free servicing, and easy fina...

19 Oct 2016  |  North America  |  Market Research

OEM Strategies for Connected Cars in Latin America by 2023

About 8.5 Million Connected Cars Expected on the Region’s Roads, with Brazil, Mexico, and Colombia Leading the Way

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Increased vehicle connectivity is a primary focus for market and product differentiation in the Latin American countries of Brazil, Mexico, Colombia, Chile, and Argentina. Connected, value-added services and infotainment, and next-generation human-machine interface are of highest interest. This research service covers the gamut of connected car str...

After two consecutive years of economic contraction in 2019 and 2020, Latin America achieved a ~7% real GDP growth in 2021. Some of the larger Latin American nations are emerging market growth leaders across the globe, and the region is known for its commodity exports, robust trade, and cost-effective labor. Amidst shifting socio-economic trends po...

The mobile communications industry in LATAM is crucial for economic growth, social connectivity, and digital inclusion. As smartphone penetration increases and network coverage expands, 5G connectivity demands strive for market innovation, supporting businesses, and improving general access to an essential service. The analysis is segmented by prep...

07 Apr 2023  |  North America  |  Market Research

Latin American Automotive Aftermarket Growth Opportunities

Aging Car Parc and Shortage of New Cars and Auto Parts Drive Future Growth Potential

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This research service examines the qualitative and quantitative aspects of the automotive aftermarket in Latin America by evaluating its performance and identifying the various trends that have an impact on the demand for replacement parts, repair, and maintenance. The study takes a detailed look at the automotive aftermarket in five Latin American...

The Latin American light vehicle leasing and rental market is in the growth stage. Although leasing and rental companies in the region faced growth-related challenges due to the COVID-19 pandemic, the market has started growing once again. However, the growth trend has not begun at the same time in all the countries, as each has their own pain poin...

19 Jul 2017  |  Latin America  |  Market Research

Latin America Used Car Market, Forecast to 2022

Used Car Market will Transform by 2022, with New Business Models, and Growing Peripheral Markets with Low Motorization Rate

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The used car market in Latin America is expected to undergo significant changes over the next 5–7 years. Upcoming technologies and business models are likely to completely transform the way used cars are bought and sold. In 2016, 18.4 million units were sold. Unit sales are expected to reach 22.4 million by 2022, growing at a CAGR of 3.4%, although...