Industry Developments

Sustained double-digit growth in Peruvian new car sales during the first three quarters of 2011 has prompted BMI to revise its 2011 sales growth forecast upwards from 14% to 20% year-on-year... 2011-10-12

New car sales in the Latin and the Central American division of Audi (which excludes Brazil, Argentina and Mexico) grew an impressive 46% year-on-year (y-o-y) during September 2011... 2011-10-11

US light vehicle sales made a strong comeback in September, up 9.9% year-on-year (y-o-y) to seemingly defy any concerns over consumer sentiment. However, BMI points out that there are... 2011-10-11

Large-scale investments continue to pour into auto manufacturing in Brazil, despite BMI's long standing concern about slowing domestic demand and potential overcapacity problems. The... 2011-10-10

BMI's view about Costa Rica lagging behind its regional peers in terms of vehicle growth potential has gained support with the government's decision to impose a 50% tax on the purchase... 2011-10-03

US-based Zero Motorcycles has partnered with Grupo Izzo with a view to expanding the sales and marketing of its electric motorcycles in the South American market. While we approve of... 2011-09-30

With the Colombian market primed for yet another year of record autos sales in 2011, the Ministry of Transportation is wary of increased congestion on city roads. The ministry is planning... 2011-09-29

Recovery in the Mexican commercial vehicles segment is beginning to weaken further, due to growing concerns over a slowdown in the US economy. Estimates from the Mexican Association... 2011-09-28

Used car sales in Argentina grew by almost 22% year-on-year (y-o-y), to 1.2mn units, between January and August 2011, according to estimates from the country's Automobile Chamber of... 2011-09-26

Chile's Gildermeister Group has acquired a 70% stake in Brazil-based Bramont, which carries out production for India's Mahindra & Mahindra at its Manaus plant. BMI believes that... 2011-09-23