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  1. 26 Apr 2023  |  Latin America  |  Market Outlook

    LATAM Automotive Growth Outlook 2023

    Future Growth Potential of the Automotive Industry in 2023 after Recovery During 2022

    The Latin American automotive industry continues to grow, despite COVID-19, scarcity of resources and auto parts, the Russo-Ukrainian War, inflation, and exchange rates affecting vehicles’ availability and prices. With 4.4 million units sold and a slow recovery from the pandemic, Latin American automotive expanded by 2.7% in 2022. Ecuador show...

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  2. 31 Mar 2022  |  Latin America  |  Market Outlook

    LATAM Light Vehicle Growth Opportunities, 2021

    Geopolitical Chaos due to the COVID-19 Pandemic Directly Impacted Light Vehicle (LV) Sales

    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 d...

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  3. 24 Feb 2020  |  Latin America  |  Market Outlook

    Latin American Passenger Vehicle (PV) Market Outlook, 2020

    The Regional Market is Expected to Grow by 5.5% in 2020, Reaching 6.1 Million Units

    In 2019, the Latin American economies faced several challenges, including generalized social unrest, economic crises in some countries, and political instability, all of which had a certain impact on local light vehicle (LV) markets. From 6.1 million units commercialized in 2018, the market fell by 5.0% to merely 5.8 million units in 2019, far from...

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