Passenger Cars - LATAM
LATAM- Revenue in the Passenger Cars market is projected to reach US$206.7bn in 2024.
- Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 37.57%, resulting in a projected market volume of US$1.0tn by 2029.
- The market's largest segment is SUVs with a projected market volume of US$57.2bn in 2024.
- Passenger Cars market unit sales are expected to reach 7.40m vehicles in 2029.
- The volume weighted average price of Passenger Cars market is expected to amount to US$39.08k in 2024.
- With a vehicle unit sales share of 19.2% in 2024, Chevrolet is expected to have one of the highest market share in the selected region.
- The value market share of the make Volkswagen in the selected region is expected to stand at 16.2% in 2024.
- From an international perspective it is shown that the most revenue will be generated United States (US$605bn in 2024).
- Key regions:
- United States,
- Germany,
- Europe,
- China,
- India
The Mobility Market specifically covers newly sold passenger cars, including small, medium, executive, and luxury cars as well as SUVs, minivans, and sports cars. However, motorcycles, buses, trucks, large vans, and light utility vehicles are not included. The market's segmentation is based on several factors, including physical properties (weight, volume, wheelbase) and economic factors (pricing, status, etc.). All key figures shown represent the sales of new cars in the basic configuration in the respective year. Used vehicles are not taken into account, nor is adapted equipment for the new cars sold. The prices and revenues shown as well as the distribution of connectivity, drive types, autonomy levels, and average CO2 emissions are accordingly based on the basic models. Importantly, our focus is solely on the market for newly sold cars, distinct from the broader category of registered cars.
The Passenger Cars market is divided into further markets for small cars, medium cars, executive cars, luxury cars, SUVs, minivans, and sports cars. Additionally, it delves into different car brands, offering a comprehensive view of the market.
Insights are centered on newly sold cars in standard configurations, excluding used vehicles and customizations. Reported statistics align with base vehicle configurations, ensuring a focused understanding of the dynamic passenger car market.
In-Scope
- Newly Sold Passenger cars
- Sports cars
- SUVs
- MPVs
Out-Of-Scope
- Motorcycles, Buses and Trucks
- Commercial Vans (included for the U.S. market only)
- Pickup trucks (included for the U.S. market only)
