Chile Autos Report 2016 - Business Monitor International - Industry Reports

Chile Autos Report 2016

Chile Autos Report 2016 - Business Monitor International - Industry Reports
Chile Autos Report 2016
Published Nov 07, 2015
34 pages — Published Nov 07, 2015
Price US$ 1,295.00  |  Buy this Report Now

About This Report


Sales of passenger cars and light commercial vehicles were down by --.- y-o-y, at ---,--- units. Bus sales were down by --.- y-o-y, at -,--- units, with heavy commercial vehicle sales representing the only bright spot, where sales were up by -.- y-o-y, at -,--- units. ...BMI s Country Risk team believes that investment into Chile s retail and manufacturing sectors will support the country s real GDP growth prospects over the coming years as output in non-copper industries ramps up. Indeed, while domestic industries have long been uncompetitive with foreign peers due to Chile s overvalued real exchange rate, Chilean firms profit margins have been increasingly bolstered by lower oil prices as well as a weaker peso, which has made imports more expensive and reduced operational costs in the country. Declines in industrial output will also end in the coming months as a weaker peso will boost cost competitiveness and import costs stabilise given copper prices likely finding a bottom, allowing firms to purchase necessary foreign capital goods to expand production. ...First, and similar to other markets in Latin America and globally, consumers will continue to upsize their vehicles by moving more towards larger vehicles such as sports utility vehicles (SUVs) and pick-ups. This reflects a growing regional consumer trend towards larger passenger car and light commercial vehicle

...After another challenging year in ----, where we expect new vehicle sales to have fallen by around -- y-o-y, BMI thinks the stage may be set for a modest recovery in Chilean new vehicle sales in ----. We are currently targeting - growth for the sector in ----, with commercial vehicles set to outperform passenger cars. ...We are currently targeting - growth for the sector in ----, with commercial vehicles set to outperform passenger cars. The September ---- launch of a made-in-Chile electric car (the Soki) could see an increase in public take-up of electric vehicle (EV) technology, particularly within major urban centres, although its relatively high price tag (USD--,---) may prove a stumbling block. The introduction of more flexible rules on origin (RoO) requirements in the Trans-Pacific Partnership (TPP) trade agreement should benefit Chilean suppliers, notably Renault s gearbox manufacturing operations in country. ...For ----, we are forecasting a - rise in sales, to just under the ---,--- unit mark. Looking at the most recent sales trends over ---- as this report was being compiled, -M-- new vehicle sales figures stood at ---,--- units, down by --.- on the ---,--- units sold during -M--, according to figures from Chile s national automotive association (ANAC).

...Passenger car and light commercial vehicle sales have fallen sharply across ----, against a sluggish macroeconomic backdrop. Looking forward, there is scope for a slight recovery in auto sales (+- ) across ----, as the economy regains some strength. ...

Document ID
PDF Adobe Acrobat
Buy Now

Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

About the Author

Cite this Report

Business Monitor International - Industry Reports. "Chile Autos Report 2016" Nov 07, 2015. Alacra Store. May 27, 2018. <>
Business Monitor International - Industry Reports. (2015). Chile Autos Report 2016 Nov 07, 2015. New York, NY: Alacra Store. Retrieved May 27, 2018 from <>
US$ 1,295.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Market Research from one place.