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.
October 2013 ended the long series of growing months started just one year before. This month sales were down 8.2% from last year while on yearly basis, the market performed a double digit increase that sustains the challenge to end the year among the Top 25 biggest market in the World, first time ever.
In August, the Chilean car market posted the 12th increase in a row and for first time ranked 25th in the worldwide country list. Year to date sales were up 15.0%. In August Suzuki was the Winner of Month, advancing in 5th place.
Keeping the momentum, Chilean car market in July 2013 grew 20.0% from last year, running towards the new all-time record with year to date sales up 16.6%. Chevrolet recovered share and was back above a solid 16% of market share.
Keeping the momentum, Chilean car market in May 2013 grew 12.4% from last year, running towards the new all-time record. Pushed by favorable Yen exchange rate, Japanese's brands recovered share, with Suzuki at the record.
Chilean car industry is one of the fastest growing worldwide, as confirmed by market performance in April, up 27.2% and by the cumulated figures, up 19.2% from last year. April sales found Nissan and Suzuki among winners.
The sparkling moment for car industry in Chile went ahead during the first quarter 2013, when the market posted a 16.5% raise and the best ever quarter in its history. In spite of aggressive strategy from Chinese's, Peugeot and others Europeans are gaining share.
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 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.
In Chile the car market confirmed its stability at highest ever level and in November sales rose 3.6% from last year with cumulate sales still positive by 1.1%. Toyota posted a wonderful month with share grew at 9.1%, the best this year.
In September, the car market in Chile posted 32.068 sales, down 12.4% from last year. Year-to-date sales were 270.489, down 1.5%. Kia surged in 2nd position, behind Chevrolet, while Hyundai was 3rd, significantly losing share.
In August, the car market in Chile posted 26.951 sales, up 12.4% from last year. Year-to-date sales were 210.688, down 0.5%. Hyundai surged in 2nd position, outpacing Nissan, while Suzuki posted a great performance, surging in 4th place.
In June, the car sold in Chile were 26.411, up 0.6% from last year. The year to date sales were 157.289, down 3.7%. Chevrolet was the market leader with 17.8% of share followed by Nissan and Hyundai. The Chevrolet Sail was the top model.
In April, the Chile car market posted the 5th consecutive year on year decline with 27.467 units sold, down 2.4% from last year. The year to date sales in April were 104.925, down 3.8% from last year. Chevrolet confirmed the leadership in the market.
Economic Environment In South America, Chile is one of the faster growing country, with the 2nd highest income per capita ($16.100 in 2011), high annual GDP (6.5% in 2011), low unemployment rate (6.9% in 2011) a low inflation rate (3.3% in 2011) and the best ratio between Public Debt and GDP (9.4% in 2011).