Interannual variation on motor vehicle sales in Latin America 2021-2023, by country

Published by
Mathilde Carlier,
Jul 17, 2024

Motor vehicle sales had significantly decreased in Latin America amid the COVID-19 outbreak, before recovering through 2021 to 2022. In 2023, Venezuela reported a year-over-year growth rate around 82.9 percent, while Mexico's automotive market grew by 24.63 percent. On the other hand, the markets in Chile and Colombia experienced a significant decrease in 2023.

Year-over-Year (YoY) change in motor vehicle sales in selected countries in Latin America in 2023

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Release date

March 2024

Region

LAC

Survey time period

2021 to 2023

Special properties

includes passenger cars, light commercial vehicles, heavy vehicles and buses.

Supplementary notes

The figures have been calculated by Statista based on the source's data.

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Topics

Automotive industry in BrazilAutomotive industry worldwideAutomotive industry in Latin AmericaAutomotive industry in MexicoAutomotive industry in Colombia
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