Search results for: 'reduc unauthorized vehicle use'

Stringent emission regulations boost the growth of the emerging EV industry. Supply chain disruptions caused by COVID-19 and the Russo-Ukrainian war have led to a surge in commodity prices, which affected the global automotive value chain. In addition, economic sanctions between multiple countries have complicated the procurement of EV components;...

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...

This research service analyzes and provides growth forecasts for 2030 for the LATAM hybrid and electric vehicles market (PHEVs, HEVs, and BEVs). By 2030, the commercialization of approximately 1 million electrified vehicles is expected in LATAM, and the total electrified vehicles in operation will be about 5.4 million. Analyzing 2030 sales by techn...

Latin America is evolving into a promising hub for light commercial vehicles (LCVs). With growing investments from global automotive players, the region is poised for increased output and innovation. Global and Chinese OEMs are intensifying efforts through local assembly, telematics integration, and alternative fuel adaptation to stay competitive a...

The vehicle subscription market in Brazil is still in its nascent stages. However, with a promising business outlook, the market is expected to experience rapid growth. This research service examines the qualitative and quantitative aspects of the vehicle subscription market in Brazil by evaluating its performance and identifying the trends that im...

In 2020, there was a 26.8% drop in total LATAM passenger vehicle sales, equivalent to a reduction of 1.5 million units. The Brazilian market was responsible for the largest drop in units, reaching 710,000 units less than 2019, followed by Mexico’s 368,000 unit drop. The automakers had different strategies for this period, from closing plants to dev...

The connected truck telematics industry in Mexico has been growing, primarily driven by the need to protect vehicles and cargo, reduce the total cost of ownership (TCO) for fleets, and comply with legislation. In 2024, for example, 1.51 million trucks were connected in the country, with fleet management and/or video solutions. This figure indicates...

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...

The world is in a massive transformation phase, where digital solutions are being introduced in most of the key markets. The automotive industry is part of this transformation, launching new products, technologies, services, and interfaces. Automakers are no longer hardware makers, but evolving into technology companies. This new scenario is pushin...