In 2017, 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 in 2017. The country emerged from a deep recession, and economic indicators started to improve. Car sales began to rebound, driven by increased consumer confidence, easing credit conditions, and government incentives. The market saw positive growth compared to the previous years. Argentina’s car market also experienced a significant recovery in 2017. The government implemented measures to stimulate the automotive sector, such as tax incentives and financing programs. Economic reforms and increased consumer confidence led to a notable increase in car sales. The rest of the South American markets saw the same exact behaviors and trends.
The indicator estimates the number of new passenger car registrations and sales that took place within a country in a year. Passenger cars are road motor vehicles, other than a motor cycle, intended for the carriage of passengers and designed to seat no more than nine persons (including the driver).