Passenger Vehicle Growth Perspectives in Latin America, Forecast to 2023

Passenger Vehicle Growth Perspectives in Latin America, Forecast to 2023

Regional VIO parc is Expected to Increase from ~102.9 to ~122.5 Million Units, with Sales Reaching ~7.2 Million Units in 2023

RELEASE DATE
27-Dec-2018
REGION
North America
Research Code: 9AB2-00-77-00-00
SKU: AU01619-GL-MR_21336
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Description

The Latin American (LATAM) passenger vehicle market has witnessed a major downturn in recent years (2014-2016), given generalized fall in GDP growth rates across key industries and major national economies, devaluation of local currencies against the US Dollar, drop in primary commodity prices, rising inflation rates, and loss of purchasing power parity. However, vehicle sales are expected to recover with the growth rates being driven by general economic stabilization along with new trends in the industry and a restructuring of the regional trade dynamics. The VIO is forecast to increase substantially reaching 122.5 million units in the coming years, with 7.2 million units being commercialized in 2023. Noteworthy of the figures presented in this study are the regional trends, where Brazil is gradually losing its undisputed dominant position as the main automotive market, caused by the rise of the Mexican market. On the other hand, the Argentinean automotive industry is strengthened by its specialization in specific segments (pick-up), commercialization and production.

This study focuses on the number of transformative shifts driven by social, political, economic, and technological disruptions impacting the LATAM regional automotive industry and markets. Specific vehicle segments are driving growth in VIO (such as pick-ups and new-generation SUVs), along with increasing competitiveness, pushed by technological disruptors and new business models. The regional landscape and performance of Argentina, Brazil, Chile, Colombia, Mexico and Peru are discussed, considering regional and local motorization rates and GDP growth forecasts, along with Frost & Sullivan's exclusive passenger vehicle sales and VIO forecasts and analysis from 2017 to 2023.

Author: Martin Singla

Research Scope

The aim of this study is to identify and analyze key trends driving the growth of the passenger vehicle market in LATAM, along with expansion or contraction of the VIO rate, for the period 2013-2023.

Detailed information is presented for segments, firstly on key transformative trends impacting vehicle sales and VIO expansion as a whole. Secondly, a thorough country-wise analysis is provided, including historic sales and VIO data and growth forecasts.


Key Issues Addressed

  • What is the current status of the Latin American passenger vehicle market and industry, and what was the trend shaping it in the past years?
  • What are the main regional trends in the market and what is its future sales forecast till 2023?
  • What are the key drivers and restraints in the Latin American passenger vehicle market?
  • What is the growth potential of the Latin American passenger vehicle market in relation to the regional car parc (vehicles in operation)?

Table of Contents

Executive Summary—Key Findings

Executive Summary—Key Findings (continued)

Executive Summary—LATAM PV Sales Forecast 2023

Executive Summary—LATAM PV Sales Forecast 2023 (Continued)

Executive Summary—LATAM PV VIO Forecast 2023

Executive Summary—LATAM PV VIO Forecast 2023 (continued)

Executive Summary—LATAM Motorization Rates

Executive Summary—Key Findings and Future Outlook

Research Scope

Research Aims, Objectives and Key Questions

Research Methodology and Background

Definitions and Segmentation

Consumer Adoption of New Growing Vehicle Segment will Drive Sales

Connected Car will Influence Automotive Sales in LATAM

Used Car Market in LATAM

Flexible On-Demand Mobility Solution

VIO Will Benefit from New Entrants and Disruptive Aftermarket Models

E-Retailing to Change the Face of the Aftermarket

Argentina Passenger Vehicle Market Outlook to 2023

Argentina Passenger Vehicle Market Outlook to 2023 (Continued)

Argentina VIO Outlook to 2023

Brazil Passenger Vehicle Market Outlook to 2023

Brazil Passenger Vehicle Market Outlook to 2023 (Continued)

Brazil VIO Forecast

Chile Passenger Vehicle Market Outlook to 2023

Chile Passenger Vehicle Market Outlook to 2023 (Continued)

Chile VIO Outlook to 2023

Colombia Passenger Vehicle Market Outlook to 2023

Colombia Passenger Vehicle Market Outlook to 2023 (Continued)

Colombia VIO Forecast

Mexico Passenger Vehicle Market Outlook to 2023

Mexico Passenger Vehicle Market Outlook to 2023 (Continued)

Mexico VIO Outlook to 2023

Peru Passenger Vehicle Market Outlook to 2023

Passenger Vehicle Market Outlook to 2023 (Continued)

Peru. VIO Forecast

Growth Opportunity in LATAM

Strategic Imperatives for Success and Growth

Key Conclusions and Future Outlook

Market Engineering Methodology

Legal Disclaimer

List of Exhibits

List of Exhibits (continued)

The Frost & Sullivan Story

Value Proposition—Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
The Latin American (LATAM) passenger vehicle market has witnessed a major downturn in recent years (2014-2016), given generalized fall in GDP growth rates across key industries and major national economies, devaluation of local currencies against the US Dollar, drop in primary commodity prices, rising inflation rates, and loss of purchasing power parity. However, vehicle sales are expected to recover with the growth rates being driven by general economic stabilization along with new trends in the industry and a restructuring of the regional trade dynamics. The VIO is forecast to increase substantially reaching 122.5 million units in the coming years, with 7.2 million units being commercialized in 2023. Noteworthy of the figures presented in this study are the regional trends, where Brazil is gradually losing its undisputed dominant position as the main automotive market, caused by the rise of the Mexican market. On the other hand, the Argentinean automotive industry is strengthened by its specialization in specific segments (pick-up), commercialization and production. This study focuses on the number of transformative shifts driven by social, political, economic, and technological disruptions impacting the LATAM regional automotive industry and markets. Specific vehicle segments are driving growth in VIO (such as pick-ups and new-generation SUVs), along with increasing competitiveness, pushed by technological disruptors and new business models. The regional landscape and performance of Argentina, Brazil, Chile, Colombia, Mexico and Peru are discussed, considering regional and local motorization rates and GDP growth forecasts, along with Frost & Sullivan's exclusive passenger vehicle sales and VIO forecasts and analysis from 2017 to 2023. Author: Martin Singla--BEGIN PROMO--

Research Scope

The aim of this study is to identify and analyze key trends driving the growth of the passenger vehicle market in LATAM, along with expansion or contraction of the VIO rate, for the period 2013-2023.

Detailed information is presented for segments, firstly on key transformative trends impacting vehicle sales and VIO expansion as a whole. Secondly, a thorough country-wise analysis is provided, including historic sales and VIO data and growth forecasts.

Key Issues Addressed

  • What is the current status of the Latin American passenger vehicle market and industry, and what was the trend shaping it in the past years?
  • What are the main regional trends in the market and what is its future sales forecast till 2023?
  • What are the key drivers and restraints in the Latin American passenger vehicle market?
  • What is the growth potential of the Latin American passenger vehicle market in relation to the regional car parc (vehicles in operation)?
More Information
No Index No
Podcast No
Author Martin Singla
Industries Automotive
WIP Number 9AB2-00-77-00-00
Is Prebook No
GPS Codes 9800-A6,9813-A6,9832-A6,9965-A6,9AF6-A6