Chile June. Chevrolet keep marching on, while the market crumbles 15.3%

Chilean Vehicles Market

Chilean Vehicles Market in June signed the worst performance of the year, with 28.245 sales (-15.3%). Chevrolet, the leader, was the only positive brand in the Top 10, improving by 9%. Toyota and Nissan were amongst the worst performers.

 

Economic Environment

Chile economic growth remained stunted in the second quarter on the heels of a marked deceleration in Q1. Although economic activity improved in April–May on modest gains in mining, average growth in manufacturing output faltered in the same period compared to Q1, while merchandise exports contracted for a fourth consecutive month in May. Moreover, business sentiment fell again in May amid slow-moving tax reform, likely weighing on capital investment.

 

Market Trend

Chilean Vehicles Market hits an all time record in the 2013 when sales reached 378.000 units, before to rapidly decline, hit by the economic crisis, at 282.232 in the 2014. Then a positive path started and is still in place with 2017 jumped up 17.9%. Indeed, according to the data released by the ANAC, full year sales have been 360.822.

In the 2018 strong private demand sustained the market which has kept the momentum. Indeed, sales have signed a new all-time record, with 417.354 units sold. Moreover, this was the second consecutive year of double-digit growth, with sales up 15%.

In the 2019 the market started on a positive track in January, improving 2.7%, marking a record for the month with sales at 36.282. However, in February sales went down 5.1% with 27.912 registrations.

Sales declined even faster in March (-9.5%) with 30.199 units and in April (-7.8%) with 32.716 units.

In May the market lost 12.2% with 31.011 units sold, while in June scored the worst performance of the year, selling 28.245 units (-15.3%). Indeed, year-to-date figures are now at 185.858 (-8.1%).

 

Market Outlook

After being hit by the economic crisis in 2014, the market is now back on track and is expected to keep growing in the 2019-2025 period of time, despite economic momentum is seen decelerating this year against a volatile international backdrop.

Being interested to know more, give a look at this updated research. Clicking on the picture, you can see contents.

 

Competitive Arena

Looking at the market ranking, year-to-date Chevrolet kept the leadership with 17.597 sales (+2.3%) and 9.5% of market share.

In second place Kia with 14.294 (-9.1%) followed by Suzuki with 14.293  (-11.9%) and Nissan with 13.070 (-14.3%).

In fifth place, Hyundai with 12.974 (-18.4%), Toyota with 11.730 (-22.3%), Peugeot with 9.061 (-3.9%), Mitsubishi with 8.799 (+19.4%), Mazda with 8.526 (-10.4%) and in 10th place Ford with 8.474 (-0.3%).

Rank 2019Rank 2018BrandSales YTD 2019Jun 2019'+/- YTD 2019 Var'+/- Jun 19Share YTD 2019Share June 2019
11Chevrolet17.5972.7022,3%9,0%9,5%9,6%
24Kia14.2942.112-9,1%-21,5%7,7%7,5%
32Suzuki14.2932.080-11,9%-25,7%7,7%7,4%
45Nissan13.0701.684-14,3%-32,6%7,0%6,0%
53Hyundai12.9741.981-18,4%-19,6%7,0%7,0%
66Toyota11.7301.736-22,3%-34,0%6,3%6,1%
78Peugeot9.0611.393-3,9%-3,8%4,9%4,9%
811Mitsubishi8.7991.20119,4%-3,5%4,7%4,3%
97Mazda8.5261.219-10,4%-19,8%4,6%4,3%
109Ford8.4741.198-0,3%-17,6%4,6%4,2%
1110Volkswagen7.0501.152-5,8%-16,5%3,8%4,1%
1212Renault5.168898-28,6%-7,0%2,8%3,2%
1318Changan4.39671323,4%11,6%2,4%2,5%
1415JAC4.28170417,3%-9,5%2,3%2,5%
1514Jeep4.24972514,3%0,7%2,3%2,6%
1621Great Wall4.01063016,4%18,2%2,2%2,2%
1716Chery3.755548-3,6%-22,0%2,0%1,9%
1813Citroen3.495544-18,2%-9,5%1,9%1,9%
1917Subaru3.467574-7,8%-1,7%1,9%2,0%
2023MG3.43671267,9%122,5%1,8%2,5%
2122Mercedes3.014447-0,4%-22,8%1,6%1,6%
2224Dongfeng2.8414573,8%24,9%1,5%1,6%
2319SsangYong2.763427-25,9%-26,8%1,5%1,5%
2420Fiat2.389298-32,6%-50,2%1,3%1,1%
2525BMW1.855443-18,3%-5,3%1,0%1,6%
2626Honda1.774265-14,0%-15,1%1,0%0,9%
2628Maxus1.77426232,9%15,4%1,0%0,9%
2727Mahindra1.364186-13,1%-25,3%0,7%0,7%
2829Foton1.218218-10,1%-18,4%0,7%0,8%
2930Volvo951162-7,0%-16,9%0,5%0,6%
3032Audi69677-23,1%-31,3%0,4%0,3%
3131Baic54674-54,3%-58,4%0,3%0,3%
3237Opel48211891,3%73,5%0,3%0,4%
3339Land Rover288492,9%8,9%0,2%0,2%
3434Brilliance28719-25,5%-54,8%0,2%0,1%
3536Skoda23040-24,1%-38,5%0,1%0,1%
3640Mini20932-14,0%28,0%0,1%0,1%
3759Geely202400,1%0,1%
3842ZNA16514-8,3%-54,8%0,1%0,0%
3943Porsche155274,0%-3,6%0,1%0,1%
4041Lexus15318-12,6%-21,7%0,1%0,1%
4144Jaguar10218-31,1%-47,1%0,1%0,1%
4246Mitsubishi Fuso808-4,8%-46,7%0,0%0,0%
4347DS771492,5%100,0%0,0%0,0%
4448Chrysler305-40,0%0,0%0,0%0,0%
4550Iveco2644,0%100,0%0,0%0,0%
4649Proton251-44,4%-83,3%0,0%0,0%
4749Maserati173-34,6%-50,0%0,0%0,0%
4855Alfa Romeo1210100,0%#DIV/0!0,0%0,0%
4954Ferrari83700,0%#DIV/0!0,0%0,0%

Rank 2019Rank 2018GroupSales YTD 2019Jun 2019'+/- YTD 2019 Var'+/- Jun 19Share YTD 2019Share June 2019
11Hyundai-Kia27.2684.093-13,8%-20,6%14,6%14,5%
22Renault Nissan Alliance27.2023.797-9,4%-19,9%14,6%13,4%
33General Motors17.5972.7022,3%9,0%9,4%9,6%
44Suzuki14.2932.080-11,9%-25,7%7,7%7,4%
56P.S.A.13.1152.069-6,3%-2,6%7,0%7,3%
65Toyota Group11.8831.754-22,2%-33,9%6,4%6,2%
77Mazda8.5261.219-10,4%-19,8%4,6%4,3%
89Ford Group8.4741.198-0,3%-17,6%4,5%4,2%
98Volkswagen Group8.1311.296-8,0%-18,2%4,4%4,6%
1010F.C.A.6.7311.048-10,5%-21,6%3,6%3,7%

(1518)

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