Country Overview The Argentine Republic is the 2nd largest country in South America by land area, after Brazil (including its Antarctica’s territories), covering over 2.780.000 square meters. It is the 8th larger country in the world with a population of 42 million people (the 32nd). It is the largest global area among Spanish-speakers nations. It is constituted as a federation of 23 provinces plus the Capital area of Buenos Aires, where are living 13 million people or the 31 percent of total population. The light passenger industry in 2011 was the world’s 19th.View items...
Canada is the 2nd largest global country with almost 10 million square kilometers, while is only 36th as Population with 34.3 millions citizens, 81% of which are living in urban areas. With a national GDP (purchased power parity) of $ 1.389 trillion Canada is the 15th richest global country. The per-capita income at $ 40.300 in 2011 is the 21st highest. While unemployment rate is at 7.4 (high for this country), inflation at 2.8 and Public Debt is at 83.5% of GDP. The car industry in 2011 was the 11th globally.
the sector is very relevant in the Canadian economy. The 2011 production of 2.134.000 vehicles was the world's 11th. The Domestic market in the 2011, with 1.585.000 units was the world's 11th as well.
Country Overview 17 millions people are living in this country, characterized by a unique territory, with a long strip of 6.435 coastlines, compressed on Pacific see by Andean peaks. Thanks to a renaissance period started in early ‘90, Chile today is one of South America's most stable and prosperous nations. In the 2011, the car sector reported 333.000 units, the 31th globally.View items...
Brazil is the world's 5th largest country, with 8.515 km2 and have a population of over 200 million (again the world's 5th). In the last decade exploiting vast natural resources and a large labor pool, has become the South America's leading economic power and regional leader, one of the first in the area to begin an economic recovery. This was enhanced by Mercosur, an economic and political agreement among Argentina, Brazil, Paraguay and Uruguay fixed in 1991. The rapidly GDP increase moved the country in the top global rank. In the 2010, its GDP, at purchasing power parity, of $ 2.172 billion was 9th in absolute. Highly unequal income distribution and crime remain pressing problems. Over 25 percent of population is still below the poverty limit. Today Brazil is “cool” as demonstrated by the unique fact it will host both the 2014 World Soccer Cup and the 2016 Olympic Games.
Mexico is the world’s 14th country as territory extension and the 11th as population (115 million people). In 2011 with a GDP (purchasing power parity) of % 1.650 trillion was the 12th global economy. In spite the GDP growth was interrupted by 2009 financial crisis (-6.2%) the country recovered immediately and performed with a growth of 5.4 in 2010 and 3.8 in 2011. The country started a fast development during the nineties’ also thanks to the start of the North American Free Trade Agreement (NAFTA) in 1994, with US & Canada that incorporated an “emerging economy” with low level of income and low labor cost, inside two of more developed countries in the world. Nowadays Mexico has free trade agreements with over 50 countries and combine characteristic of an emerging economy with large and growing domestic market.
The automotive industry become really relevant for the country economy, with many production sites developed here as base of free export in all the Nafta area. In the 2011, the production surged at 2.557.000 vehicles, the world's 8th, while domestic market at 900.000 units was the 16th.View items...
The United States cover the third larger World's territory guesting the third World's population with over 330 million citizens. Thanks to the unrivaled market oriented economy and full opening at new people and new technologies, the United States represents the world' largest economy since the second world was and only in recent years its global economic hegemony is counteract by emerging Chinese economy and the born of European Community.
The Automotive sector was a key driver of last century development with Ford and General Motors able to dominate the world car sector for decades. In recent years the so called Detroit based Big3 entered in deep difficulties hit by growing competition from Europe and Asia. While Ford was able to evolve thanks to the last CEO Mr. Mullaly, GM and Chrysler had been rescued by the unique support program introduced by Mr. Obama in the 2009 and today the Chrysler group (Chrysler, Dodge, Jeep and Ram brands) is controlled by the Italian Fiat.
Venezuela is a country where democracy and stability are still far, as proven by the actual Leader, Hugo Chavez, is the President since 1999, having established a "Modern Socialist Republic" where violence, drugs and military are conditioning people life. Venezuelan economy is highly depended by its huge petroleum industry, accounting around 95% of total exports, over 40% of Government revenues and 12% of GDP. Pro capita revenue is stable at $ 12.400, but National GDP was hit by 2008 financial crisis and in 2011 was lower than in 2008. Inflation rate at 28.9% in 2011 was a world's record and is creating a huge grey market and unofficial economy. Hard to say when Venezuelan people (28 million) will start increasing their general life conditions.View items...
The Republic of Uruguay is a small country (176.000 square kilometers) betwixt Brazil and Argentina where are 3.3 millions people are living with elevat grade of democracy. The level of urbazization in the country is very high (92%) with almost the half of citizens living ing in Montevideo, the capital. Uruguay is a Mercosur member.
The economy is based on well educated work force, high level of social spending and strong exports from agricultural sector due to the global diffusion of biofuel energy. During last years the economy grew very fast, with a CAGR of 8% between 2004-2008, a deceleration at 2.6 in 2009 as effect of global economic crisis and a restart in 2010 (8.5%) and 2011 (6%). The pro capita revenue (at purchase power parity) at $ 15.400 is fast growing and is the 3rd in South America after Argentina and Chile.View items...
Covering a territory of 1.285.000 square kilometers, Peru is the world' 20th largest country. Population consists of 29 millions people, high concentrated (30%) in the capital, Lima, with over 10 million still living in poverty conditions. In last decade the Peruvian economy grew at an average speed of 6.4%, with a slightly appreciating exchange rate and low inflation index (3.6 in 2011). Marginally touched by 2009 global crisis (GDP 0.9 in 2009), it continue to grow fast (GDP +6.9 in 2011 and +8.8 in 2010) with pro capita income at $ 10.000 (2011), low unemployment rate (7.7 in 2011) and low public debt (in 2011 at 21.7% of GDP).
It seems that the country has taken a track of social capitalism and in last 5 years the agreement of many multilateral economic free trade (Nafta, China, South Korea, Europe, and Japan) opened the country at foreign investments.View items...
Paraguay is a 406.000 sq. km country with over 6.5 million people, one of the poorest in South America, with a large percentage of the population, especially in rural areas, derives its living from agricultural activity, often on a subsistence basis.
In recent years, the economy grew rapidly between 2003 and 2008 as growing world demand for commodities combined with high prices and favorable weather to support Paraguay's commodity-based export expansion. Paraguay is the sixth largest soy producer in the world. Drought hit in 2008, reducing agricultural exports and slowing the economy even before the onset of the global recession. The economy fell 3.8% in 2009, as lower world demand and commodity prices caused exports to contract. The government reacted by introducing fiscal and monetary stimulus packages. Growth resumed at a 15% level in 2010, the highest in South America, but slowed to 6.4% in 2011 as the stimulus subsided. Political uncertainty, corruption, limited progress on structural reform, and deficient infrastructure are the main obstacles to growth. The pro capita income was US $5.500 in the 2011 with over 35% of population below the poverty level. The public debt was 13.7% of GDP (2011) and the inflation above 8%.View items...
Strong sales in April for car makers operating in Canada, as the market grew 8.9%, one of the best y.o.y. performances in the last two years. While Ford was stable on top, Toyota improved share at 10.5%, expanding the gap on Chevrolet.
The significant month of April, with the seasonal effect of the Holy Week and Ester are already discount, gave a further positive verdict over the Mexican market outlook. Sales were up 19.5%, with year to date ended up by 9.0%. Ford posted a strong month with share at 8.6%
Following nine y.o.y. declining months out of last ten, in April the Argentinian car market posted a robust growth, with sales up 36.1% from last year. Thanks to this wonderful performance the year-to-date market was positive by 4.9%. Ecosport pushed Ford in second place.
Following a first quarter below expectation, in April finally the light passenger vehicles market in Brazil posted a robust increase, gaining 29.3% from last year. Year-to-date sales were up 8.5%. The Big 3, Fiat, Volkswagen and Chevrolet are losing share.
Posting the best April since 2007, the U.S. Car Market gained 8.5% pushed by strong performance of domestic producer, led by Chevrolet, up 1.4 points of share from the previous month. While Nissan and Toyota suffered, Honda was pushed up by Accord.
Following fast start of January, the car market in Uruguay is facing a downturn. In March sales were down 10.3% and the first quarter ended positive only for 4.8%. The Winners so far this year are the European Peugeot and the Chineses Chery -in third - and FAW.
Colombian car market struggled in the first quarter with sales declined 22.0% in March and 15.4% in the entire quarter. However, forecast released by BBVA are optimistic for the rest of the year. Chevrolet was stable on top of the list, while Jac entered in the Top 10.
Mexican market was stable in March, when sales slipped 1.0% from last year, keeping the year-to-date performance positive by 5.8%. Volkswagen grew 17% and Audi 49%, while Renault struggled and was outpaced by Seat.
March 2013 was negative again for the car market in Argentina, with sales dropping 8.1% from last year. The first quarter was stored with a loss of 2.5%. While the top brands share performance was stable, the Chinese Chery advanced at 1% of market share.
Canadian car market confirms its stable trend, with March sales down only 0.8% from last year and the First Quarter ended down 1.8%. Suzuki announced the decision to stop sales by year end, following same decision taken for US five months ago.
March car sales in Brazil were down 5% from last year, with First quarter up 1.9% from last year. Top 3 brands market share is declining as new crowded competition among 49 players is transforming the country from cash cow to hard discount.
Posting the 22nd year-on-year increase in a string, the US car market in March was up 3.5%, ending the first quarter up by 6.4%. Chevrolet low sales allowed Toyota advancing in second place, while Nissan Altima strong demand pushed up Nissan performance.
Following the booming sales reported in January, the Mexican car market was positive again in February growing 7.3% from last year with cumulate sales up 9.6%. U.S.Congress immigration reform would boost Mexico consumer spending demand and hit car market.
Colombian government decision to review the V.A.T. structure over car passengers, hit the market during the second half 2012 with sales down 4.5% from last year. The traditional dominator of the market, Chevrolet, diluted its share, losing 4 points.
Following the all-time record posted in the 2012, the third yearly record in a string, the car market in Uruguay started the new year with a robust growth, improving 29.6% from last year. Fiat performance was outstanding with share at 8.7%, up 1.7 points.
In February the car market in Argentina recovered offsetting the January. Sales were up 7.3% with cumulate performance flat on last year. Volkswagen recovered the January loss, while Fiat confirmed a great momentum with share stable above 11%.
In January, the car market in Chile posted the best ever start of the year pushed by economic groth, with sales boomed 22% from last year. The market leader, Chevrolet, felt at 14.4%, first time ever below 15% of share.
In 2012, the car market in Paraguay was down 1.7% from the previous year, due to a weak second half, while the rest of South American market were growing. Starting from the second place scored in 2011, Chevrolet lost over 2.000 units dropping in 6th place.
Last February the U.S. car market posted a less powerful increase, only at 3.8%, while SAAR was stable at 15.4 million. Dodge and Nissan kept a great share, while Toyota was back at a "normal" performance after strong January.
Canadian auto sales dropped a moderate 3.3% in February in a 3rd straight monthly decline. Chrysler Group was the Top seller last month, thanks to strong sales for Dodge and Ram products, while also Chrysler brand was growing (at 1.5% from 1.4%). Toyota Rav4 jumped in 9th place.
In February the car market in Brazil slipped 5.7% partially offsetting the cumulate gain from last year, now at 6.3%. Higher minimum wage and inflation should push market up. Hyundai recorded best ever volume and share driven by HB20 success.
Recovering from the December shortfall, the Mexican vehicle market surged 11.9% in January 2013, starting the year above the expectations. Nissan started the year with share above 25% driven by Versa, Tsuru and Sentra.
Following a weak year end, the Brazilian car industry started the 2013 with a17.5% increase over last year. Fiat further improved confirming its magic moment in this market, while Volkswagen and Chevrolet were stable.
The new year did not bring good news for the Argentinian car industry with sales down 3.4% from last year. While Volkswagen started losing share, Renault and Chevrolet started very well challenging the leader.
Penalized by the comparison with a really strong January 2012, the Canadian car market reported in January a slight 2.1% decrease over last year, unchanging the positive sentiment over it. Honda dropped after a strong Q4 2012.
Pushed by the positive economic environment, the Peruvian car market in the 2012 confirmed its momentum posting the third annual record in a row, posting a 28.4% sales increase from 2011. Toyota confirmed its leadership on the market in spite of losing share.
Healthy start for the US car market in January, with sales surged by 14.4% from last year. Ford improved share at 15.5% while also followers, Chevrolet and Toyota, improved share at 13.2% and 13.1%.
In spite of sharp drop posted in December, when the market was 34.6% down from last year, the Venezuelan car market ended the 2012 rising 4.9% from the previous year. However the market was down 74% from record year.
In December the Chilean car market was up 5.0% and the 2012 ended with a marginal increase of 1.4% from last year. However, it was enough to post the new all-time record. Chery was 10th in a market were Chinese brands are fast growing.
Posting a 5.3% drop in December, the light passenger vehicle market in Uruguay ended a positive year, with sales up 3.5% from 2011 and touching the new all-time record sales for the third year in a row. Chevrolet in December exploit at 27%.