Small Cars - LATAM
LATAM- Revenue in the Small Cars market is projected to reach US$25bn in 2024.
- Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 32.86%, resulting in a projected market volume of US$104bn by 2029.
- Small Cars market unit sales are expected to reach 1.4m vehicles in 2029.
- The volume weighted average price of Small Cars market in 2024 is expected to amount to US$23k.
- From an international perspective it is shown that the most revenue will be generated China (US$13bn in 2024).
The Small Cars Market segment includes economy passenger cars of an average footprint around 3.7m2 (40 ft2), an average mass around 1200kg (2680lbs) and a passenger/cargo volume between 2.4 m3 and 2.8 m3 (85 ft3 and 99 ft3). All key figures shown represent the sales of new small 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.
- European Car Segment: B (Small Cars)
- US Car Segment: Subcompact Cars
- Chinese Car Segment: Category A
- Also known as: Light Cars, Superminis
Example models: Citroën C3, Ford Fiesta, Hyundai i30, Kia e-Soul, Lancia Ypsilon, Mazda 2, Nissan Note, Opel Corsa, Peugeot 208, Renault Clio, Seat Ibiza, Škoda Fabia, Suziki Swift, Toyota Yaris, Volkswagen Polo.
In-Scope
- Economy passenger cars - Small Cars
Out-Of-Scope
- Small SUVs
- Sports models
