Flash Reports

Chile

Chile automotive industry rapidly expanded in the decade 2004-2014. The domestic automobile sector has enjoyed a favorable economic climate in recent years, due to the positive impact of economic growth, employment conditions, and favorable credit terms on the growth of sales. Moreover, new suppliers have entered the market -particularly brands from China and to a lesser degree from India- which have increased the array of possibilities available to consumers and at the same time driven growth in lower-priced segments. Since 2014 the market was hit by country’s economic difficulties related with low copper prices.

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