Americas Automotive Market in the first half of the 2017 reported a +8% growth thanks to the recovery of top markets, like Argentina and Brazil. Out of the 28 countries featured by focus2move, only 5 have reported a decline, with Venezuela as worse.
Latin America economy has benefited from strengthening economic recoveries and, according to preliminary data, the region expanded 1.1% annually in Q2. The print was above the 0.8% increase in Q1, which had represented the first expansion after nearly two years of declining or stagnant activity. If confirmed, Q2’s figure would have marked the strongest growth in over three years.
With Q2 data still outstanding for most countries in the region, available data for Mexico showed that GDP decelerated. While the result was broadly in line with the expectations, high inflation is gradually eroding Mexican consumers’ purchasing power. Elsewhere in the region, Brazil’s economic dynamics are expected to have improved in Q2 due to a more favorable external environment and lower inflationary pressures. Argentina’s growth likely picked up in Q2 as the scope of the economic recovery is broadening beyond the agricultural and construction sectors.
The Automotive industry is expanding. Indeed, following the last three years of difficulties, mainly driven by the decline of Brazilian and Argentinian markets, in the 2017 the Latin American market are finally recovering and in the first half of the year have reported a growth of 8.1% with 2.81 million light vehicles sold.
Out of the 28 markets tracked by focus2move, only 5 are reporting a decline with Venezuela down 12.6% despite the already poor base, Panama taking a break after years of growth and losing 7.2% and Paraguay down a little 3.7%.
The best market had been Argentina, up 36.2%, followed by Uruguay, up 30.7% and Ecuador, up 18.4%.
Below, you can sort our interactive tables. Please bear in mind that sales data are subject to adjustments as sources will update their information. This report is updated at the publishing date and will not be modified while the next on this subject will always have the year to date data updated.
|Rank 2017||Rank 2016||Brand||Sales I Half 2017||Sales I Half 2016||Var I Half|
|19||18||Trinidad & Tobago||7.976||7.866||1,4%|