Key automakers like General Motors Company are placing big bets on a Brazilian recovery and are eager to upgrade production facilities to speed up a refreshment cycle for their Brazilian-made models. Meanwhile, Chinese carmaker interest in the Mexican market is heating up with the arrival of BAIC.
Accelerating economic growth in South America, particularly in Brazil, Argentina, and Colombia will provide the strongest support to new vehicle sales in Latin America in 2018. This will outweigh the slower growth being experienced in Mexico's new vehicle market after seven consecutive years of strong growth.
Chinese autos producers are betting big on EV production in Latin America, which represents a change in direction compared to their previous regional strategies focused on SUVs and commercial vehicle segments. The shift in strategy represents a well-calculated move that will allow them to leverage their own home-grown competitive advantages in the EV space and secure a strong market share in...
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Thanks, BMI Research