Chile 2016. Auto market finally is recovering

Chile Auto Sales

Chile Auto Sales 2016 back over the 0.3 million units, after the sharp slowdown of the previous year. Hyundai was finally the leader, outpacing the historic leader Chevrolet.

Market Outlook

Chile’s main economic indicators paint a mixed picture of how the economy fared towards the end of 2016, with growth in Q4 likely to have been meagre at best. FocusEconomics Consensus Forecast panelists see Chile’s economy expanding 2.1% in 2017, thanks to an improvement in the external sector. The panel is predicting growth of 2.5% for 2018.

Following two consecutive years of decline in double digit, the new vehicles market in 2016 was back to gain ground, recording 305.881 units (+8.1%).

According to the data released by the ANAC, the Chilean Associations of Car Manufacturers, the new vehicles sold in December had been 32.246 (+8.1%).

Competitive Arena

The market leader of the 2016 was Hyundai with 31.398 units (+22.2%), while Chevrolet was second despite the losses with 28.886 (-10.6%) outpacing for few sales Kia with 28.864 (+1.6%). Outstanding growths were reported for Chrysler, Foton, Dfm and Jaguar, but the best performer was Dongfeng, booming 1314.6%.

BYD scored the worst performance losing 72.6% followed by Daihatsu, Geely, Maxus and Gac Gonow.

The best-selling model was the Chevrolet Sail with 12.768 units (+43.3%) followed by the Hyundai Accent with 10.988 (+9.9%) and Mitsubishi L200 with 9.987 sales.

Tables with sales figures

In the tables below we report sales for all Brands and top 10 Manufacturers Group.

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