Latin America best selling cars in 2019 is dominated by the Chevrolet Onix – improving 9.7% from the previous year – followed by the Ford KA and the Toyota Hilux. Impressive performance scored by the Renault Kwid.
Regional inflation dropped to 7.5% in September, down from August’s 7.9%. Modest economic activity has contained price pressures in most economies, with the stark exceptions of Argentina and Venezuela. Inflation is seen falling moderately ahead as price pressures in Argentina ease.
Brazil and Chile’s central banks continued their easing cycles in October, with low inflation giving space to act to spur activity. Meanwhile, Argentina’s Central Bank tightened capital controls, in order to stabilize the exchange rate after Alberto Fernández’s presidential victory. Uruguay’s Central Bank also tightened its stance amid elevated inflation and a sliding peso.
Currencies had a mixed performance in recent weeks. Brazil’s real strengthened on a weaker dollar and some positive domestic news. Colombia and Mexico’s currencies also appreciated. However, Argentina’s peso continued to weaken, although at a less severe pace amid capital controls, and Chile’s peso hit a new record low. Currencies are seen weakening in 2020.
After a weak 2019, regional growth is expected to regain steam next year. The acceleration will be driven chiefly by a pick-up in Brazil’s economy, thanks to monetary easing and reviving confidence. Growth is also seen accelerating in Chile, Mexico and Peru. However, Argentina is expected to remain in recession amid high inflation and policy uncertainty.
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 228.844 sales (+11.0%) 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 142.416 units (-6.1%). 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 with 104.553 (-5.1%) ahead of the Volkswagen Gol – up one spot – with 99.075 (-7.7%) and the Nissan Versa with 98.586 sales (-11.6%).
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|Rank 2019||Rank 2018||Sales YTD 2019||Sales October||'+/- YTD 2019||'+/- October|
|40||72||Toyota Yaris sedan||32.424||3.090||101,8%||-7,3%|