Latin America best selling cars in 2019 is dominated by the Chevrolet Onix – improving 8.6% from the previous year – followed by the Ford KA and the Toyota Hilux. Impressive performance scored by the Renault Kwid.
Regional inflation slipped to a 15-month low of 6.9% in October (September: 7.5%). Economic slack has kept inflation within the target range of most countries’ monetary authorities recently. The notable exceptions are Argentina and Venezuela, where FX weakness continued to stoke price pressures.
Contained inflation and slower-than-expected economic activity prompted the central banks of Mexico and Peru to slash their policy rates in November. Meanwhile, Argentina’s Central Bank held the benchmark rate steady in view of supporting demand for peso-denominated assets. Central bankers are seen loosening policy next year to spur activity overall.
Major currencies weakened across the region in recent weeks. Chile and Colombia’s currencies lost ground amid intensified social protests, with the former particularly hard-hit. Similarly, Brazil’s real plunged partly due to a widening interest rate differential, while the Mexican peso tumbled on disappointing data.
Next year’s growth prospects for Latin America were slashed for the fifth month running in December, with regional activity seen modestly picking up mainly on strengthening momentum in Brazil and Mexico. Argentina is poised to remain in recession for the third consecutive year. Heightened social tensions, policy uncertainty and tepid global demand cloud the outlook.
Best Selling Cars
As far as the best selling cars ranking, while our report assembly data for 41 countries, this ranking is heavy conditioned by the trend in the top markets (Brazil, Mexico and Argentina), which counts near the half of the regional sales.
The ranking, updated at year-to-date 2019, reports that regional leadership unchanged from the previous with the Chevrolet Onix leader for the fourth year in a string with 250.805 sales (+8.6%) with a wide gap over all the followers.
The Chevrolet Onix is sold only in this region and in the 2017 ranked as 79th in the focus2move Global Best Selling Cars Ranking. It is a subcompact car launched in the 2012 to succeed Chevrolet Corsa and some versions of Chevrolet Celta. Made in Brazilian plan at Gravataí, is only available with five-door hatchback, two flex-fuel engines (999 cm³ and 78/80 cv, 1,389 cm³ and 98/106 cv), five-speed manual transmission, front-wheel drive. It’s sedan derivative is sold under the name Prisma and distributed in selected markets.
The Ford Ka holds the second place with 157.361 units (-4.4%). The third generation of this city car, produced in Brazil, is available as a five-door hatchback and as a four-door sedan. Launched in the fall of 2014, it was initially only available in Brazil and South America, later being introduced in India, Mexico, South Africa (where it is marketed as the Ford Figo) and in Europe (marketed as Ford Ka+).
In the third place, the Toyota Hilux – up 1 spot – with 115.057 (-4.6%) ahead of the Nissan Versa with 111.357 (-10.3%) and the Volkswagen Gol with 108.560 sales (-9.1%).
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|Rank 2019||Rank 2018||Model||Sales YTD 2019||Sales November||'+/- YTD 2019||'+/- November|
|40||78||Toyota Yaris sedan||35.725||3.301||82,7%||-5,3%|