Market Snapshot: Chile Automotive and Fleet Market
The mining sector in Chile is one of the key pillars of the Chilean economy. Chile has huge copper reserves, producing more than one-third of all global copper output.
The mining sector in Chile is one of the key pillars of the Chilean economy. Chile has huge copper reserves, producing more than one-third of all global copper output.
The fleet market in Peru for 2016 is forecast to be around 10% of total automotive sales of 171,000 units, which is a decrease from 2015.
In addition, there has been a 20% decline in fleet sales in neighboring Uruguay. The peso has depreciated and the government has decreased fleet purchases.
Peru is one of the fastest growing economies in Latin America, and the economy of Chile is ranked as a high-income economy by the World Bank.
Automotive sales declined 28.6% year-over-year during 1Q 2016. In the fleet market, all major OEMs are using various financial incentives to defend their market shares. The 2016 forecast is that there will be 123,000 fleet sales.
Brazil is in a political and economic crisis that has caused the country’s auto market to shrink 27% in 2015-CY, and is forecast to shrink another 13% in 2016. Fleet sales have also decreased, but at a slower pace than retail sales.
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In