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 developing digital solutions to increase sales.Geopolitical Chaos due to the COVID-19 Pandemic Directly Impacted Light Vehicle (LV) Sales
In this research service, the report analyzes the PV market outlook for 2021. The market is expected to grow 16.3%, reaching more than 4.9 million units. Estimates show that Ecuador will be the strongest at a projected growth of 47.1%. It will be followed by Chile’s 46.4% and Uruguay’s 36.8% increase in sales. In 2021, the largest markets in the region should be Brazil, with 11.4% growth, and Mexico, with 12.8% growth. One of the trends analyzed in this study is the rising penetration of Chinese OEMs in the LATAM markets.
Key Issues Addressed
- What is the current status of the Latin American light vehicles market? What is the forecast for 2021?
- What are the key disruptive trends impacting the regional market? Which are the growth opportunities to be capitalized on?
- How has the COVID-19 pandemic impacted the LATAM PV market?
- What is the status of electro-mobility and mobility services markets in LATAM?
Table of Contents
1. Strategic Imperatives
2. Growth Environment
3. Research Scope and Segmentation
4. Key Snapshots, Light Vehicles
5. Regional Spotlight
6. Key Trends Impacting LATAM Light Vehicles
7. New Regional Trade Treaties Outlook, LATAM Light Vehicles
8. New Mobility Outlook, LATAM Light Vehicles
9. Growth Opportunity Universe
10. Key Conclusions
11. Appendix
