The South American automotive market is expected to record a 4% CAGR over the forecast period 2021-2027.
The main factors driving the increase in passenger car sales and demand were lower interest rates and higher consumer confidence. However, the South American auto market is very vulnerable to instability in social and political policy, as countries like Venezuela are experiencing slow economic growth, which has a major impact on the growth of the country’s auto industry.
A full report of South American Automotive Production Market available at https://www.orionmarketreports.com/south-american-automotive-production-market/51144/
South American Automotive Production Market- Segmentation
By Vehicle Type
• Internal Combustion (IC) Engine
• E-mobility
By Parts and Components Type
• Powertrain
• Exterior and Interior
• Tires
• Advanced Driver Assistance Systems (ADAS)
By Automotive Service Industry (Qualitative Information)
• OEM Service Center
• Independent Aftermarket Service Center
By Financing Industry (Qualitative Analysis)
• Banks
• Automotive Financing Industry
Major Players
• Renault
• General Motors
• FCA
• Honda
• Volkswagen
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
