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Automotive
The mission of the Automotive industry – one of the most globalised industries – is to provide safe and accessible transportation for the world’s increasing population. The industry is one of the main engines of economic growth, with important multiplier effects both in upstream sectors such as metal processing, chemicals, and textiles, and in downstream sectors like ICT, trade and services. It is also one of the biggest innovators on a global scale, rapidly adopting breakthrough technologies that address the need for more efficient and environmentally-friendly transport solutions.
The Automotive industry involves the manufacturing of bodies, engines, parts and whole vehicles for ground transportation. Such vehicles include motorcycles, cars, light commercial vehicles and heavy commercial vehicles.
In Q2 2024, sales of new motor vehicles in Brazil stood at 629,402 units, increasing by 19.5% y/y and by 22.3% against Q1 2024. Passenger cars were the leading category with a market share of 75% in Q1 2024, followed by light commercial vehicles and ...
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In Q1 2024, sales of new motor vehicles in Brazil stood at 514,571 units, increasing by 9.1% y/y but falling by 24.2% against the previous quarter. Passenger cars were the largest segment with a market share of 73.2% in Q1 2024, followed by light ...
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Brazil is one of the largest motor vehicle manufacturers and leading automotive markets in the world. The Brazilian motor vehicle industry specialises in the production of passenger cars, with the domestic market the main focus. However, the industry ...
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Entering Colombia's automotive sector can be strategically approached through various modes. For instance, foreign manufacturers, such as Divemotor, representing brands that include Mercedes-Benz, have entered the market to expand and diversify their ...
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In Q3 2023, sales of new motor vehicles in Brazil stood at 631,076 units, increasing by 19.8% q/q and by 7.95% y/y. Passenger cars was the largest segment with a market share of 75.42% in Q3 2023, followed by light commercial vehicles and heavy ...
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The motor vehicle industry in Latin America continues to recover from the negative effects of the pandemic, but the recovery in 2021 and 2022 (both in output and domestic sales) was insufficient to reach the pre-pandemic volumes reported in 2019 ...
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In Q2 2023, sales of new motor vehicles in Brazil reached 526,782 units, increasing by 11.7% q/q and by 2.8% y/y. Passenger cars was the leading category with a market share of 73.6% in total sales during Q2 2023, followed by light commercial ...
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In Q1 2023, sales of new motor vehicles in Brazil stood at 471,775 units, decreasing by 21.61% q/q and increasing by 16.3% y/y. Passenger cars was the largest segment with a market share of 73.3% in Q1 2023, followed by light commercial vehicles and ...
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The Colombian automotive industry is characterised by dissimilar levels of development at the segment level. Motorcycles are the main product of the Colombian automotive sector as the country kept its position as the second largest motorcycle ...
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In 2022, Brazil's automotive sector showed mixed signs of recovery from the negative effects of the COVID-19 pandemic. Motor vehicle output registered its second consecutive annual growth rate in 2022, albeit significantly below the pre-pandemic ...
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