Brazil Commercial Vehicle Registrations up in 2019
The registration of light commercial vehicles and trucks in Brazil has seen increases year over year so far in 2019, along with the total vehicle market as a whole.
The registration of light commercial vehicles and trucks in Brazil has seen increases year over year so far in 2019, along with the total vehicle market as a whole.
Sales for commercial vehicles continued to slide in July, though declines were not as significant as the month prior.
Sales for light- and heavy-commercial vehicles in Argentina were down in June by more than 40% for both segments.
Registrations of light commercial vehicles (LCVs) in Brazil were up 15.6% in May, when compared to the same time last year, and were also up by 9.9%. year-to-date.
Jamaica’s government works to lower vehicle emissions by promoting fuel-efficient vehicles and strengthening fuel quality standards. The country needs more commercial vehicles.
After several years of growth throughout much of Central America, the automotive market has started to see a downward trend in some of the region’s largest car markets.
With a population of more than 210 million people, Brazil is the largest fleet market in South America. The strongest vocational segments acquiring commercial fleets are pharmaceutical, agribusiness, and food companies.
The automotive industry in Mexico has been growing each year since 2009, but 2017 was the first year sales decreased. Although retail and fleet sales declined, Mexican automotive industry continues to post strong export sales.
The strongest sectors acquiring commercial fleet vehicles are agricultural, construction, pharmaceuticals, petroleum, telecommunications, and consumer product companies. Car rental and government are the two top fleet markets.
GM’s reorganization of its South America regional structure in 2010 by creating three business units, GM Andina, GM Mercosur, and GM Central, have contributed to the growth of the Chevrolet brand as a regional market leader.
The strongest vocational segments operating commercial fleet vehicles are pharmaceuticals, agribusiness, and food corporations. But the majority of fleets in Brazil are smaller, with the average fleet size around 100 units.
Fleet vehicles represent approximately 20-25% of annual new-vehicle sales in Chile. Top buyers of fleet vehicles are in the telecommunications and mining industries, along with political subdivisions, police departments, and military.
Imported Chinese brand vehicles are increasing their market share in the small business fleet market in Peru since most models are priced well below the average market price. This has put downward pressure on used-car prices.
Venezuelan government authorities took control of General Motors’ Valencia plant on April 19, seizing company vehicles and other assets. GM will cease operations in the country, effective immediately, the company announced.
The Venezuelan fleet market is comprised of local companies and multinational corporations, of which about 500 are U.S. companies with business operations in Venezuela. The strongest vocational segments for commercial fleet sales in Venezuela are oil companies, healthcare, and agriculture.
Climb inside the Work Truck version of the Silverado EV, the latest entry into the growing electric pickup market.
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