Companies / Chile
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Sustained Recovery
May 2006 | Industry ForecastSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Attractive financing deals, in an environment of low interest rates and a strong local currency, aided demand for new vehicles in 2004. Moving forward, we expected 2005 to show another improvement in the fortunes of the country's autos industry, given improving economic prospects and a currency being bolstered by high global copper prices. Combined vehicle sales figures (passenger and commercial) for 2004 registered 148,586 units, a 24.3% increase when compared to 2003. In 2005 sales of passenger cars, light commercial vehicles and SUVs were 22.7% higher than 2004, suggesting that the recovery of the previous year is sustainable. As a