Chile 2020. MG is the only growing brand (+28.7%) in market down 30%

Chile car market
The 2020 Mitsubishi ASX

Chilean vehicles market in 2020 falls by 30% as the pandemic and lockdowns affect sales. Full-Year sales have been 258.835. MG jumps 8 spots and is the only brand on the leaderboard to report growth (+28.7%).

Market Trend

The Chilean car market has been hit in 2020 by the world-wide COVID-19 pandemic, which has impacted sales significantly.

The market hit a record in 2013 when sales reached 378.000 units, before rapidly declining, hit by the economic crisis, at 282.232 in 2014, when the decline ended and a new positive cycle started. Sales grew up for four years arriving over the milestone of 0.4 million units in 2018 when a new all-time record was hit at 417.354 units.

During 2019, the economic and social environment deteriorated and the domestic light vehicles market was hit, closing the full year down in double-digits at 369.864 units.

After starting the year with a positive trend (+6.3%), the market quickly collapsed in March as the virus struck. The sharpest drop in sales this year was in May when sales declined by 72.2%.

The recovery has been extremely slow, with sales being very low until September (-10.8%). October (+12.7%) was the only positive month except for January, but the recovery did not last very long as sales fell in double-digits in November (-20.4%) and December (-16.1%).

Indeed, Full-Year sales for 2020 have been 258.835, reporting a decline of 30% compared to 2019.

Chile monthly sales variation
Chile monthly sales variation

Brand-wise, this year the leader Chevrolet (-23%) gained 1% market share, followed by Kia (-31.4%) -up 1 spot-, which lost 0.1% share. Suzuki -up 1 spot- on the other hand, lost 0.3% share, falling 32.8%.  Nissan reached 4th place and reported a loss of 32.1%, followed by Hyundai -down 3 spots- which lost 38.7%, registering the worst performance on the leaderboard.

Toyota lost 37.6%, followed by Peugeot (-23.2%) and MG -up 8 spots- which reported the best performance on the leaderboard by gaining 28.7%. Closing the leaderboard we have Mitsubishi losing 37.1% this year and Ford losing 34%.

Tables with sales figures

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

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