Industry Trend Analysis - Latin America Autos: Top Region For Growth In 2018 - FEB 2018
A comparison of our regional vehicle sales forecasts for 2018 shows that Latin America will remain the fastest growing regional autos market globally, as it continues to recover from the sales slump of 2016. We forecast regional vehicle sales to rise by 9.9% in 2018, reaching 6.93mn units. Over our 2018-2021 forecast period, we project annual average growth of 6.7% for the Latin American region, reaching a total of 8.2mn units by the end of 2021. Highlighting the strength of the regional recovery, we forecast four out of the 17 Latin American vehicle markets we track to grow at double-digit rates in 2018. Only Venezuela and Bolivia's new vehicle markets are projected to post contractions by the end of the year.
|Latin America: From Laggard To Leader|
|Vehicle Sales Forecasts, % chg y-o-y|
|e/f = BMI estimate/forecast. Source: BMI|