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02 Jun 2022  |  Latin America  |  Market Outlook
LATAM Automotive Growth Outlook, 2022
Despite the Pandemic-Induced Geopolitical Chaos in the Region, LATAM is Set to Grow at the Rate of 7.6% in 2022
With 4.4 million units sold, the LATAM passenger vehicle market grew by 11.7% in 2021. The Chilean market had the biggest growth in the region, selling 60.6% more units than in 2020, going from 258.8 million units to 415.6 million units in a year. The Brazilian market, the biggest in the region, still has not reached pre-pandemic numbers. Chinese O...
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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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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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28 Mar 2019  |  Latin America  |  Market Outlook
Latin America Passenger Vehicle Market Outlook, 2019
The Market will Keep Growing, Mainly Pushed by Brazil, Reaching 5.72 Million Units, with a 4.3% Growth from 2018
The present study analyzes the Latin American automotive market growth forecast for 2019, which is expected to be around 5.72 million units to be commercialized in the region, representing a 4.3% growth from previous year’s sales volumes. The study focuses in analyzing country-specific market performances and dynamics for the period 2017-2019, wi...
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