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Flash Reports

Chile October. Market runs fast again

Chilean Vehicles Market Lexus-UX-2019

Chilean Vehicles Market went up again in October with 37.132 units (+23.3%) establishing itself as one of the fastest growing market in Latin America year to date in the 2018. Considering September’s ranking, Chevrolet Sail led ahead of Hyundai Accent and Mitsubishi L200.

Economic Environment

Chile economy in the third quarter lost some steam on the heels of an impressive second quarter outturn, as export growth hit a near standstill in Q3. The deterioration in export growth marked the worst performance in over two years and came amid weaker global copper prices and increasing fragility in some of the country’s key trading partners.

On the domestic front, inflationary pressures intensified in Q3; coupled with a worsening labor market—unemployment remained at a near seven-year high in July and August—this likely took a bite out of private consumption growth in the quarter.

Market Trend

Chilean Vehicles Market hits the 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 is keeping the momentum. The market ended the Q1 with 98.104 (+21.5%), the Q2 with 104.126 (+27.1%) and the Q3 with 109.277 units (+10.5%) as effect of July with 31.285 (+11.4%), August with 38.729 (+9.5%) and September with 39.263 (+10.7%).

October opened the Q4 with 37.132 sales (+23.3%) and year to date figures at 348.639 (+19.5%). The full year projection is at 420.378 (+14.1%).

Market Sales October ‘+/- Oct Sales YTD 2018 +/- YTD 2018 Sales 2018 est +/- 2018
Car+LCV 37.132 23,3% 348.639 19,5% 420.378 14,1%

Competitive Arena

At brand-wise, the competitive landscape is almost opened with the harsh battle for the leadership among 6 brands.

Actually, the market leader is Chevrolet with 29.755 sales (+15.6%).

In second place Suzuki with 28.053 (+14%) followed by Hyundai with 27.038 (-0.8%), Kia with 26.953 (+10.8%), Nissan with 25.551 (+7.9%), Toyota with 25.369 (+6.4%), Mazda with 16.638 (+35.2%), Peugeot with 16.335 (+18.3%), Ford with 15.357 (+14.4%) and in 10th place Volkswagen with 13.689 (+52.3%).

Considering the September’s ranking, at model level the Chevrolet Sail is the leader with 6.800 sales (-6%). In second place the Hyundai Accent with 6047 (-18.8%) followed by the Mitsubishi L200 with 5.867 (-5.6%).

Research, Consulting, Data & Forecast

F2M covers intensively this market with several products developed to help any investigation required. Market Researches in PDF are immediately available for download with study on the market since 2005 and with forecast up to the 2025. AutoData in EXCEL are immediately downloadable with annual sales volume, split by month, for all brands and all models distributed in the market. This year data are released year to date, but you will receive a monthly update until the year-end.  See details within Chile Corner Store.

Rank 2018 Rank 2017 Brand Sales October ‘+/- Oct Sales YTD 2018 +/- YTD 2018 Sales 2018 est +/- 2018
1 2 Chevrolet 3.294 30,7% 29.755 15,6% 36.675 11,7%
2 3 Suzuki 2.999 57,6% 28.053 14,0% 30.578 11,4%
3 1 Hyundai 3.236 37,8% 27.038 -0,8% 33.147 0,0%
4 4 Kia 2.770 11,2% 26.953 10,8% 32.434 7,2%
5 6 Nissan 2.334 -10,6% 25.551 7,9% 30.290 5,2%
6 5 Toyota 2.330 -13,4% 25.369 6,4% 28.525 5,8%
7 9 Mazda 1.852 29,1% 16.638 35,2% 20.408 22,6%
8 7 Peugeot 1.958 9,0% 16.335 18,3% 20.114 13,5%
9 8 Ford 1.716 26,7% 15.357 14,4% 19.614 12,0%
10 12 Volkswagen 1.228 16,4% 13.689 52,3% 16.594 29,2%
11 11 Mitsubishi 1.491 22,7% 12.902 22,3% 16.158 15,9%
12 10 Renault 931 -4,1% 11.427 6,6% 14.478 7,1%
13 13 Citroen 921 69,3% 7.533 26,6% 9.231 19,7%
14 16 Chery 758 37,8% 6.975 33,8% 8.364 23,1%
15 26 Jeep 791 163,7% 6.906 185,4% 7.626 59,5%
16 18 JAC 791 83,5% 6.752 44,0% 8.192 25,5%
17 14 Subaru 669 12,4% 6.673 17,6% 7.941 13,2%
18 21 Changan 690 137,9% 6.428 110,0% 7.478 45,4%
19 19 SsangYong 610 15,5% 6.239 36,7% 8.278 21,6%
20 15 Fiat 577 -10,8% 5.803 4,4% 7.687 6,2%
21 20 Great Wall -100,0% 5.427 19,8% 6.877 13,7%
22 17 Mercedes 896 69,4% 5.120 7,5% 6.404 6,5%
23 24 MG 597 142,7% 4.392 69,1% 4.864 37,6%
24 32 Dongfeng 401 234,2% 4.383 342,3% 4.642 72,3%
25 22 Honda 364 2,5% 3.594 22,7% 4.275 14,7%
26 23 BMW 265 0,4% 3.464 27,6% 4.292 19,8%
27 25 Mahindra 264 11,4% 2.620 5,3% 3.507 4,5%
28 33 Maxus 247 30,7% 2.339 170,7% 2.829 53,7%
29 31 Foton 238 15,5% 2.279 55,2% 2.788 30,0%
30 28 Volvo 182 1,7% 1.759 11,3% 2.209 9,0%
31 27 Baic 138 -32,7% 1.727 6,9% 2.175 7,6%
32 29 Audi 201 16,2% 1.552 -0,1% 1.950 1,6%
33 34 FAW 81 28,6% 1.086 27,5% 1.367 19,3%
34 38 Lifan 57 -13,6% 843 59,4% 966 32,9%
35 35 Brilliance 184 145,3% 838 27,2% 989 18,4%
36 39 Skoda 60 100,0% 544 40,2% 662 22,4%
37 47 Opel 59 293,3% 534 263,3% 595 64,5%
38 41 Land Rover 41 -6,8% 497 41,2% 647 26,7%
39 40 Mini 34 21,4% 404 10,4% 478 8,7%
40 30 DFM -100,0% 366 -75,5% 910 -116,4%
41 43 Lexus 36 44,0% 297 22,2% 370 15,2%
42 45 ZNA 17 30,8% 291 72,2% 333 37,0%
43 42 Porsche 42 23,5% 275 9,1% 348 9,2%
44 44 Jaguar 29 61,1% 243 32,8% 278 22,7%
45 37 Dodge 61 22,0% 221 -59,2% 358 -88,0%
46 49 Mitsubishi Fuso 9 -10,0% 145 208,5% 176 55,7%
47 48 DS 28 64,7% 101 9,8% 189 25,5%
48 51 Proton 3 50,0% 55 52,8% 62 32,1%
48 36 Chrysler -100,0% 55 -90,5% 163 -318,6%
49 50 Maserati 7 16,7% 45 18,4% 61 15,8%
50 46 GAC Gonow 3 -66,7% 42 -72,4% 59 -192,1%
51 52 Iveco 3 39 14,7% 54 12,9%
52 58 Jinbei 35 35 100,0%
53 58 Tata 22 22 100,0%
54 55 Alfa Romeo 10 66,7% 11 36,5%
55 57 JMC 7 600,0% 7 85,7%
56 54 Ferrari 1 0,0% 5 -28,6% 7 -25,0%

Rank 2018 Rank 2017 MODEL Sales 2018 Sales September Variation 2018 Variation September
1 2 Chevrolet Sail 6.800 789 -6,0% -2,5%
2 1 Hyundai Accent 6.047 702 -18,8% -52,6%
3 3 Mitsubishi L200 5.867 979 -5,6% -30,5%
4 9 Hyundai Grand i10 5.617 660 7,8% 57,1%
5 5 Suzuki Swift 5.524 632 -4,2% -14,6%
6 11 Kia Cerato 5.449 300 0,0% 0,0%
7 8 Toyota RAV4 5.353 861 4,9% 19,6%
8 4 Toyota Hilux 5.315 562 -15,1% -55,1%
9 6 Kia Morning 5.241 573 -6,5% -24,7%
10 7 Nissan NP300 5.011 572 -7,4% 5,5%

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