Latin America best selling cars in 2019 was still dominated by the Chevrolet Onix – improving 8.1% from the previous year – followed by the Ford KA and the Toyota Hilux. Impressive performance scored by the Renault Kwid, up 5 spots from last year.
Regional inflation ended 2019 at a six-month high of 7.9% (November: 7.4%). Lackluster economic conditions have largely kept inflation in check in most countries of the region. The stark exceptions remain Argentina and Venezuela, while core inflation has proved sticky in Mexico. Inflationary pressures are seen subsiding further this year on modest activity growth.
Most of the region’s currencies appreciated against the U.S. dollar in recent weeks, supported by optimism over the “phase one” U.S.-China trade deal signed in mid-January. Meanwhile, Brazil’s real lost ground on weak economic data as did the Chilean peso on continued caution after last year’s protests. Currencies are seen weakening this year, albeit less so than in 2019.
After a subdued 2019, regional growth is projected to gain some pace this year on stronger activity in heavyweights Mexico and, especially, Brazil. Rising domestic demand will underpin the overall expansion, helped by supportive monetary policy and improving sentiment.
Best Selling Cars
As far as the best selling cars ranking, while our report assembly data for 41 countries, this ranking is heavy conditioned by the trend in the top markets (Brazil, Mexico and Argentina), which counts near the half of the regional sales.
The ranking in 2019, reported that regional leadership unchanged from the previous with the Chevrolet Onix leader for the fourth year in a string with 276.822 sales (+8.1%) with a wide gap over all the followers.
The Chevrolet Onix is sold only in this region and in the 2017 ranked as 79th in the focus2move Global Best Selling Cars Ranking. It is a subcompact car launched in the 2012 to succeed Chevrolet Corsa and some versions of Chevrolet Celta. Made in Brazilian plan at Gravataí, is only available with five-door hatchback, two flex-fuel engines (999 cm³ and 78/80 cv, 1,389 cm³ and 98/106 cv), five-speed manual transmission, front-wheel drive. It’s sedan derivative is sold under the name Prisma and distributed in selected markets.
The Ford Ka held the second place with 172.195 units (-3.7%). The third generation of this city car, produced in Brazil, is available as a five-door hatchback and as a four-door sedan. Launched in the fall of 2014, it was initially only available in Brazil and South America, later being introduced in India, Mexico, South Africa (where it is marketed as the Ford Figo) and in Europe (marketed as Ford Ka+).
In the third place, the Toyota Hilux – up 1 spot – with 130.727 (-3.1%) ahead of the Nissan Versa with 128.011 (-6.5%) and the Volkswagen Gol with 118.608 sales (-8.3%).
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|Rank 2019||Rank 2018||Model||Sales 2019||2019 Var||December Sales||December var|
|42||67||Toyota Yaris sedan||40.115||55,7%||3.842||-2,0%|