Room For Growth In Chile's Premium Market

August 2006 | Market Trend Analysis

The light vehicle market was strong in 2005 with sales of 182,347 units, up 22.7% on a year earlier. Of these 113,000 units were cars and 22,000 SUVs.Assuming the premium market is 1-2% of the total market, we can estimate premium car sales to be in the region of 2,500 units. Anecdotal evidence suggests that the market is smaller than that of neighbouring Argentina, which has double the population but a proportionately smaller middle class.Chile has various free trade agreements that means that most vehicles are not subject to any import tariff. A standard six percent uniform tariff is applied

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