24 May 19

LatAm vehicle industry seen up 4%

The passenger vehicle (PV) market in Latin America should see approximately 5.72 million new units shipped in 2019, up 4.3% year-over-year. 

This growth will largely be driven by the recovery of the Brazilian market and the rise of the SUV segment which, following the release of new models and restyling, will account for some 25.4% of the market, according to market analysis by international consultancy firm Frost & Sullivan.
“Three of the biggest trends in the regional PV market are the penetration of Chinese OEMs with low-priced products, the potential opening up of the Southern Common Market (Mercosur) and the restructuring of the United States-Canada-Mexico Agreement (USMCA),"says Frost & Sullivan mobility industry analyst Martín Singla.

Authored by: Daniel Bland