South American Passenger Car Sales for 2018
In 2018, South American car sales experienced a mixed performance across different countries in the region.
Brazil’s car market, the largest in South America, showed signs of recovery and growth in 2018. The country continued to rebound from its economic recession, with improving economic indicators, increasing consumer confidence, and expanded access to credit. Government stimulus measures and tax incentives played a role in boosting car sales. Argentina’s car market faced challenges in 2018. The country experienced an economic crisis with high inflation, currency depreciation, and recessionary conditions. These factors had a negative impact on consumer purchasing power and car sales. The market struggled to maintain growth, and sales figures were relatively lower compared to previous years.
