Tides turning for Chile auto industry
New vehicle sales in Chile is showing signs of a slowdown, following the 15% year-over-year increase the country saw last year to 417,354 units.
Although vehicles sales in January 2019 was up 3.5% to 36,543 units, February showed a 5.1% drop to 27,912 units and March showed a 9.5% drop to 30,199 units compared to the same months last year.
Chile holds the fourth largest vehicle market in South America, behind Brazil, Argentina, and Colombia.