Dublin, June 22, 2022 (GLOBE NEWSWIRE) -- The "LATAM Automotive Growth Outlook, 2022" report has been added to ResearchAndMarkets.com's offering.

The market is expected to grow by 7.6%

With 4.4 million units sold, the LATAM passenger vehicle market grew by 11.7% in 2021. The Chilean market had the biggest growth in the region, selling 60.6% more units than in 2020, going from 258.8 million units to 415.6 million units in a year.

The Brazilian market, the biggest in the region, still has not reached pre-pandemic numbers. Chinese OEMs are slowly gaining their own space in the regional market.

Estimates show that Uruguay will be the strongest, with a projected growth of 22.9%, followed by Mexico with an estimated growth of 12.3% and Ecuador with 9.7%. Some trends analyzed in the study are the rise of Chinese OEMs in the LATAM market and EVs in the region.

Key Issues Addressed

Key Topics Covered:

1. Growth Environment

2. Macroeconomic Factors Impacting Automotive/Connected Car Industry

3. The Strategic Imperative

4. Growth Opportunity Analysis

5. Regional Analysis

6. Trend Analysis

7. New Regional Trade Treaties

8. New Mobility Trends

9. Growth Opportunity Universe

10. Conclusion

For more information about this report visit https://www.researchandmarkets.com/r/e7hkvm