Frost Radar™: Latin American Used Car Sales, 2022

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 online transactional companies aim to reduce this by offering broad catalogs, value-added services, a variety of financing options, and fully digital purchase experiences.

Although the main competitors are well-established companies with presence in many countries, start-ups are entering the market with disruptive products and services.

In a field of an estimated 100,000 regional industry participants, Frost & Sullivan independently plotted the top 14 companies in this Frost Radar™ analysis. The Frost Radar™ reveals the market positioning of each company using its Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies based on their strengths, opportunities, and market positioning. It discusses strategic market imperatives and the competitive environment that vendors operate in, and makes recommendations for each provider to spur growth.