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27 Dec 2018  |  North America

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

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 p...

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