Chapter 1 Region overview
Regional light vehicle sales
Brazilian market lifted by tax cuts
Venezuelan sales in free-fall
Slow recovery in 2010
Regional light vehicle production
Brazil output to fall by 4.2% in 2009
Venezuela output to drop by 22% in 2009
Regional growth to resume in 2010
Regional/bilateral trade agreements
Numerous trade agreements
Two main regional trade blocks
Mercosur (Mercosul in Portuguese)
Andean Automotive Agreement
Bilateral trade agreements
Columbia and the US
Mercosur and Mexico
Mercosur and Chile
Chapter 2 Argentina
Introduction
The economy
GDP growth of 8-9% during 2003-2007
Automotive policy and taxation
The light vehicle market
Market to drop 10% in 2009 after strong growth
Vehicle trade rises with Mercosur agreement
Market to recover from 2010
Passenger cars sales to drop 8.3% in 2009
Passenger car market led by Volkswagen
New Agile to boost GM volumes
Symbol lifts Renault
Sub-B-segment dominated by Ford and Suzuki
B-segment accounts for around 50% of total car sales
The light vehicle industry
Strong recovery from the 2001-02 crisis
Light vehicle output decline from Q4 2008
GM-Chevrolet largest vehicle manufacturer
Manufacturers
Fiat Argentina SA
Ford Argentina SA
GM Argentina SA
Mercedes-Benz Argentina Srl
Peugeot-Citroën Argentina SA
Renault Argentina SA
Toyota Argentina SA
Volkswagen SA
New investments
Chapter 3 Brazil
Introduction
The economy
Largest economy in South America
Annual GDP growth over 4% from 2011
Automotive policy and taxation
Domestic industry protected by import duties
IPI tax cuts support the market
The light vehicle market
2008 sales up by 15% despite sharp Q4 decline
Tax cuts help underpin the market in 2009
Imports from Mexico, Argentina and Asia on the rise
Market to weaken as tax cuts are reversed in Q4
Fiat and VW dominate
Small car segments dominate the market
Sub-compact cars
Compact cars
Mid-sized cars
Luxury/sports cars
MPVs
SUVs
LCVs
Light trucks to exceed 250,000 units by 2014
The light vehicle industry
CBU output hits 2.84m units in 2008
Exports drop sharply in 2009
Tax cuts underpin output in 2009
Weak domestic demand in 2010 to slow recovery
Asian manufacturers to increase production
Manufacturers
Fiat Automoveis SA
Ford Motor Company Brasil Ltda
General Motors do Brasil Ltda
Honda Automoveis do Brasil Ltda
Hyundai Motor Brasil Ltda
Iveco Brasil Ltda
Mercedes-Benz do Brazil Ltda
Mitsubishi Motors Automotores do Brasil Ltda
Peugeot Citroën Do Brasil Automoveis Ltda
Renault do Brasil SA
Toyota Brasil Ltda
Volkswagen Brasil
New investments
Chapter 4 Chile
Introduction
The economy
Automotive policy and taxation
The light vehicle market
Weak won helps Hyundai and Kia
Japanese vehicle makers suffer from strong yen
Market dominated by sub-compact and small cars
SUV sales to drop 30% in 2009
Chapter 5 Colombia
Introduction
The economy
Automotive policy and taxation
Andean Automotive Agreement under threat
35% external import duties
Numerous bilateral trade agreements
Maximum VAT rate of 35%
The light vehicle market
Market peaks in 2007
Imports account for 55-60% of domestic market
Sub-B-segment segment close to 20,000 units in 2009
B-segment sales benefit from trading down
Sharp drop in compact car sales
D-segment to decline by 30% in 2009
SUVs
LCVs
Chinese make inroads into LCV market
The light vehicle industry
Manufacturers
GM Colmotores
Compania Colombiana Automotriz SA
Sociedad de Fabricación de Automotores SA (SOFASA)
Chapter 6 Venezuela
Introduction
The economy
Increasingly regulated economy
Oil prices drive GDP growth
Outlook uncertain
Automotive policy and taxation
External import tariffs set at 35%
Withdrawal from Andean pact
Foreign exchange controls
The light vehicle market
Imports plummet following restrictions
Market plummets in 2008 and 2009
Market to stabilise in Q4 2009
Market to begin recovery in 2010
GM-Chevrolet dominates
Sub-B-segment volumes crash
B-segment
C-segment
D-segment
Smaller-volume segments
SUVs
Light commercial vehicles
The light vehicle industry
Foreign exchange holds back production
GM output to drop 24% in 2009
Manufacturers
Chrysler De Venezuela SA
Ford Motor de Venezuela SA
General Motors Venezolana CA
Iveco Venezuela CA
MMC Automotriz SA
Toyota de Venezuela CA
List of tables
Table 1: Light vehicle sales and forecasts in South America’s main markets, 2006-2014 (no. of vehicles)
Table 2: Light vehicle production and forecasts in South America’s main markets*, 2006-2014 (no. of vehicles)
Table 3: Light vehicle sales and forecasts in Argentina by type, 2006-2014 (no. of vehicles)
Table 4: Passenger car sales and forecasts in Argentina by brand, 2006-2014 (no. of vehicles)
Table 5: Best-selling B-segment model sales and forecasts, 2006-2014 (no. of vehicles)
Table 6: Best-selling C-segment model sales and forecasts, 2006-2014 (no. of vehicles)
Table 7: Light truck and utility vehicle sales and forecasts in Argentina by brand, 2006-2014 (no. of vehicles)
Table 8: Best-selling light truck sales and forecasts by model, 2006-2014 (no. of vehicles)
Table 9: Best-selling light van sales and forecasts by model, 2006-2014 (no. of vehicles)
Table 10: Light vehicle production and forecasts in Argentina by manufacturer, 2006-2014 (no. of vehicles)
Table 11: Fiat Argentina light vehicle production and forecasts by model, 2006-2014 (no. of vehicles)
Table 12: Ford Argentina light vehicle production and forecasts by model, 2006-2014 (no. of vehicles)
Table 13: GM Argentina light vehicle production and forecasts by model, 2006-2014 (no. of vehicles)
Table 14: Mercedes-Benz Argentina light vehicle production and forecasts, 2006-2014 (no of vehicles)
Table 15: Peugeot-Citroën Argentina light vehicle production and forecasts by model, 2006-2014 (no. of vehicles)
Table 16: Renault Argentina light vehicle production and forecasts by model, 2006-2014 (no. of vehicles)
Table 17: Toyota Argentina light vehicle production and forecasts by model, 2006-2014 (no. of vehicles)
Table 18: Volkswagen Argentina light vehicle production and forecasts by model, 2006-2014 (no. of vehicles)
Table 19: Current automotive sector taxation in Brazil (%)
Table 20: Reduced IPI rates for January-September 2009 (%)
Table 21: Light vehicle sales and forecasts in Brazil by segment, 2006-2014 (no. of vehicles)
Table 22: Light vehicle sales and forecasts in Brazil by brand, 2006-2014 (no. of vehicles)
Table 23: B-segment sales and forecasts in Brazil by manufacturer, 2006-2014 (no. of vehicles)
Table 24: Compact car sales and forecasts in Brazil by manufacturer, 2006-2014 (no. of vehicles)
Table 25: Mid-sized car sales and forecasts in Brazil by manufacturer, 2006-2014 (no. of vehicles)
Table 26: MPV sales and forecasts in Brazil by manufacturer, 2006-2014 (no. of vehicles)
Table 27: SUV sales and forecasts in Brazil by manufacturer, 2006-2014 (no. of vehicles)
Table 28: LCV sales and forecasts in Brazil by type and manufacturer, 2006-2014 (no. of vehicles)
Table 29: Light vehicle production and forecasts in Brazil by manufacturer, 2006-2014 (no. of vehicles)
Table 30: Fiat light vehicle production and forecasts in Brazil by model, 2006-2014 (no. of vehicles)
Table 31: Ford light vehicle production and forecasts in Brazil by model, 2006-2014 (no. of vehicles)
Table 32: GM light vehicle production and forecasts in Brazil by model, 2006-2014 (no. of vehicles)
Table 33: Honda light vehicle production and forecasts in Brazil by model, 2006-2014 (no. of vehicles)
Table 34: Hyundai light vehicle production and forecasts in Brazil by model, 2006-2014 (no. of vehicles)
Table 35: Iveco light vehicle production and forecasts in Brazil by model, 2006-2014 (no. of vehicles)
Table 36: Mercedes light vehicle production and forecasts in Brazil by model, 2006-2014 (no. of vehicles)
Table 37: Mitsubishi light vehicle production and forecasts in Brazil by model, 2006-2014
Table 38: Peugeot-Citroën vehicle production and forecasts in Brazil by model, 2006-2014 (no. of vehicles)
Table 39: Renault-Nissan vehicle production and forecasts in Brazil by model, 2006-2014 (no. of vehicles)
Table 40: Toyota light vehicle production and forecasts in Brazil by model, 2006-2014 (no. of vehicles)
Table 41: Volkswagen light vehicle production and forecasts in Brazil by model, 2006-2014 (no. of vehicles)
Table 42: Light vehicle sales and forecasts in Chile by type, 2006-2014 (no. of vehicles)
Table 43: Passenger cars sales and forecasts in Chile by Brand, 2007-2014 (no. of vehicles)
Table 44: Sales and forecasts of best-selling passenger cars in Chile, 2007-2014 (no. of vehicles)
Table 45: SUV sales and forecasts in Chile by brand, 2007-2014 (no. of vehicles)
Table 46: Sales and forecasts of top SUV models in Chile, 2007-2014 (no. of vehicles)
Table 47: Light commercial vehicle sales and forecasts in Chile by brand, 2007-2014 (no. of vehicles)
Table 48: Sales and forecasts of top LCV models in Chile, 2007-2014 (no. of vehicles)
Table 49: Colombian light vehicle taxes and duties
Table 50: Light vehicle sales and forecasts in Colombia by segment, 2006-2014 (no. of vehicles)
Table 51: Light vehicle sales and forecasts in Colombia by brand, 2006-2014 (no. of vehicles)
Table 52: Sub-B-segment sales and forecasts in Colombia by brand, 2006-2014 (no. of vehicles)
Table 53: B-segment sales and forecasts in Colombia by brand, 2006-2014 (no. of vehicles)
Table 54: C-segment sales and forecasts in Colombia by brand, 2006-2014 (no. of vehicles)
Table 55: D-segment sales and forecasts in Colombia by brand, 2006-2014 (no. of vehicles)
Table 56: SUV segment sales and forecasts in Colombia by brand, 2006-2014 (no. of vehicles)
Table 56 (continued): SUV segment sales and forecasts in Colombia by brand, 2006-2014 (no. of vehicles)
Table 57: LCV segment sales and forecasts in Colombia by brand, 2006-2014 (no. of vehicles)
Table 57: LCV segment sales and forecasts in Colombia by brand, 2006-2014 (no. of vehicles)
Table 58 Light vehicle production and forecasts in Colombia by manufacturer, 2007-2014 (no. of vehicles)
Table 59: Colmotores light vehicle production and forecasts by model, 2007-2014 (no. of vehicles)
Table 60: CCA light vehicle production and forecasts by model, 2006-2014 (no. of vehicles)
Table 61: SOFASA light vehicle production and forecasts by model, 2007-2014 (no. of vehicles)
Table 62: Light vehicle sales and forecasts in Venezuela by segment, 2006-2014 (no. of vehicles)
Table 63: Light vehicle sales and forecasts in Venezuela by brand, 2006-2014 (no. of vehicles)
Table 64: Sub-B-segment sales and forecasts in Venezuela by brand/model, 2006-2014 (no. of vehicles)
Table 65: B-segment sales and forecasts in Venezuela by brand/model, 2006-2014 (no. of vehicles)
Table 66: C-segment sales and forecasts in Venezuela by brand/model, 2006-2014 (no. of vehicles)
Table 67: D-segment sales and forecasts in Venezuela by brand/model, 2006-2014 (no. of vehicles)
Table 68: SUV sales and forecasts in Venezuela by brand/model, 2006-2014 (no. of vehicles)
Table 69: LCV sales and forecasts in Venezuela by brand/model, 2006-2014 (no. of vehicles)
Table 70: Light vehicle production and forecasts in Venezuela manufacturer, 2006-2014 (no. of vehicles)
Table 71: Chrysler De Venezuela light vehicle production and forecasts by model, 2006-2014 (no. of vehicles)
Table 72: Ford Motor de Venezuela light vehicle production and forecasts by model, 2006-2014 (no. of vehicles)
Table 73: General Motors Venezolana light vehicle production and forecasts by model, 2006-2014 (no. of vehicles)
Table 74: MMC Automotriz light vehicle production and forecasts by model, 2006-2014 (no. of vehicles)
Table 75: Toyota de Venezuela light vehicle production and forecasts by model, 2006-2014 (no. of vehicles)
