Argentina will challenge its Latin American rivals Mexico, Brazil and Colombia in the race to become a regional hub for electric vehicles after a large investment by Dongfeng Motor and proposed cuts to tariffs on electric vehicles.
Ecuador's removal of import quotas for new vehicles is having an even stronger impact on new vehicle sales growth than we had previously anticipated. This has prompted us to raise our vehicle sales growth forecast for 2017 to 41.2%, up from 20.5% previously.
The seizure of General Motors' Venezuelan plant and the company's decision to cease all manufacturing activity in the country will significantly limit the recovery potential of the industry over the long term. The events leading to the announcement also highlight the growing risk of state intervention in the industry.
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Thanks, BMI Research