Chile 2021. Vehicle Market Rises 60.6%, While Chery Shines

Chile car market
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Chilean market in 2021 rises by 60.6% with 415,612 sales, reporting growth all year long. Chery reports the most impressive performance, gaining 248.9% and rising 8 spots.

Market Trend

The Chilean car market this year recovered very effectively from the pandemic crash, gaining sales in every quarter of the year.

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.

Due to the COVID-19 pandemic sales fell in  2020. In fact, 258,835 units have been sold, reporting a decline of 30% compared to 2019.

In 2021 the year started positively for the Chilean market, in fact, in Q1 81,987 units have been sold, reporting a 7.4% increase in sales compared to Q1 2020, while in Q2 sales accelerated, reporting a 264.7% increase in sales with 96,870 units due to the incredibly low volumes in Q2 2020.

In Q3 sales kept rising quickly, gaining 89.8% sales with 118,417 units, and the market slowed down slowly in 118,338 sales (+26.5%).

Indeed, Full-Year sales for 2021 have been 415,612, reporting a 60.6% increase compared to 2020.

Chile quarterly sales variation
Chile quarterly sales variation

Brand-wise, this year the leader Chevrolet (+41.8%) lost 1.2% market share, followed by Suzuki (+54.4%) -up 1 spot-, which lost 0.3% share. Hyundai -up 2 spots- rose 61.3%.  Nissan remained in 4th place and reported a gain of 37.6%, followed by Chery -up 8 spots- which reported the best performance on the leaderboard by gaining 248.9%.

Toyota gained 65.9%, followed by Kia which reported the worst performance by dropping 5 spots and gaining only 11.5%, and MG which gained 93.2%. Closing the leaderboard we have Peugeot gaining 53.4% this year and Volkswagen entering the leaderboard by gaining 79%.

Tables with sales figures

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

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