1. Market Research
  2. > Automotive
  3. > Auto Part Market Trends
  4. > 2016 Outlook of the Latin American Passenger Vehicle Market 

2016 Outlook of the Latin American Passenger Vehicle Market 

  • March 2016
  • -
  • Frost & Sullivan
  • -
  • 85 pages

Summary

Table of Contents

2016 Outlook of the Latin American Passenger Vehicle Market : Despite Economic Uncertainty, LATAM Will Continue to Account for Vehicle Sales over 5.0 Million in 2016

The automotive market in LATAM in 2015 experienced a challenging scenario with the overall market declining. Mexico was the only region where the automotive market grew. This declining trend is expected to continue in 2016. However, the market presents a number of opportunities in the powertrain, e-mobility, connected cars, mobility, and aftermarket sectors. New market entrants and disruptors are reshaping the automotive market in LATAM. This study is a detailed outlook of what to expect from the LATAM passenger vehicle market in 2016— its major disruptive trends, market shifts, and market winners. This report offers a 360-degree overview, before concluding with top predictions and a key outlook for 2016.

2015 Key Highlights

The overall automotive market in LATAM declined by % in 2015; only Mexico grew by %. Chile overtook Colombia as the 4th largest automotive market in the region.

Renault-Nissan became the 2nd largest Original Equipment Manufacturer (OEM) in the region— overtaking FCA and VW group. In Brazil, GM became the 2nd largest OEM and overtook the VW Group.

Regulations in LATAM continued to shape the market dynamics. - INOVAR Auto (Brazil) encouraged cleaner powertrains
- CONTRAN 245 (Brazil) for connected cars was suspended after years of discussion
- Electronic Vehicles (EVs) in Brazil benefitted from % import tax
- “Luxury tax” impacted sales in Argentina
- “Green tax” in Chile reshaped market sales

With an increasing number of new and in-progress local greenfield and brownfield production plants announced in Brazil, Mexico, and Argentina in 2015, LATAM is expected to position itself as a automotive export hub in the short-to-medium term.

In the wake of declining vehicle sales, the automotive value chain in LATAM has started to realign strategies beyond the product and more towards including a focus on different services, such as financial services, connected services, aftermarket eCommerce, mobility-related services, and Customer Relationship Management (CRM).

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
Get This Report
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
Automotive Aftermarket for Top 10 Components, Vehicle Type, and Region - Global Trends & Forecast to 2021

Automotive Aftermarket for Top 10 Components, Vehicle Type, and Region - Global Trends & Forecast to 2021

  • $ 5650
  • Industry report
  • February 2017
  • by MarketsandMarkets

Growing vehicle sales and parc is expected to fuel the automotive aftermarket for top 10 components The automotive aftermarket for top 10 components is projected to grow at a CAGR of 7.75%, to reach a ...

Exhaust Systems Market by After Treatment Device, Fuel Type, Component, and Region, Aftermarket by Component & After Treatment Device - Global Forecast to 2021

Exhaust Systems Market by After Treatment Device, Fuel Type, Component, and Region, Aftermarket by Component & After Treatment Device - Global Forecast to 2021

  • $ 5650
  • Industry report
  • February 2017
  • by MarketsandMarkets

“The upgradation and implementation of new emission norms are expected to fuel the demand for exhaust system market” The exhaust system market is projected to grow at a CAGR of 8.45%, to reach a market ...

Catalytic Converter Market by Type (Three-way Catalytic Converter, Selective Catalytic Reduction, Diesel Oxidation Catalyst, and Lean NOx Trap), Material (Platinum, Palladium, Rhodium), Region, and Aftermarket by Region - Global Forecast to 2021

Catalytic Converter Market by Type (Three-way Catalytic Converter, Selective Catalytic Reduction, Diesel Oxidation Catalyst, and Lean NOx Trap), Material (Platinum, Palladium, Rhodium), Region, and Aftermarket by Region - Global Forecast to 2021

  • $ 5650
  • Industry report
  • April 2017
  • by MarketsandMarkets

“Stringent emission regulations and increasing vehicle production & parc are driving the catalytic converter market” The catalytic converter market is projected to grow at a CAGR of 8.05%, to reach ...


Download Unlimited Documents from Trusted Public Sources

Powertrain Markets in the US

  • April 2017
    31 pages
  • Powertrain  

    Automotive  

    Solar Energy  

  • United States  

    North America  

View report >

Powertrain Markets in the US

  • April 2017
    24 pages
  • Powertrain  

  • United States  

    North America  

    World  

View report >

Powertrain Markets in the US

  • April 2017
    76 pages
  • Powertrain  

  • United States  

    North America  

    World  

View report >

Related Market Segments :

Powertrain
Automotive

ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.