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24 Feb 2020 | Latin America | Market Outlook

Latin American Passenger Vehicle (PV) Market Outlook, 2020

The Regional Market is Expected to Grow by 5.5% in 2020, Reaching 6.1 Million Units

In 2019, the Latin American economies faced several challenges, including generalized social unrest, economic crises in some countries, and political instability, all of which had a certain impact on local light vehicle (LV) markets. From 6.1 million units commercialized in 2018, the market fell by 5.0% to merely 5.8 million units in 2019, far from...

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