Automotive Industry latest publications
A recent BBVA Research study shows that the likelihood of buying a car declined during the crisis, and has barely gained momentum in recovery.
New vehicle sales are projected to decelerate as economic growth slows down. Lower interest rates could provide some relief for dealers. A robust supply of “off-leasing” vehicles will continue to put downward pressures on demand for new vehicles.
This presentation deals with the recent performance and outlook for 2019-2020 of the Colombian economy and automotive sector. Households that buy cars and motorcycles in Colombia are profiled from the Household Budget Survey published in 2018 by DANE.
New vehicle sales are projected to decelerate from 2018 levels. Robust economic growth has been the main driver of auto sales, but affordability is deteriorating while the impact of previous tax cuts is diluting. Going forward, higher interest rates and a higher supply of “off-leasing” vehicles will exert downward pressures…
Did you buy an automobile in 2018? If so, was this a decision you'd considered in advance? Or were you encouraged to do so by ads from manufacturers and distributors with eye-catching discounts, driven by the new emissions approval cycle known as WLTP, which came into force in September?
Auto sales closed 2018 at 17.2 million units, virtually unchanged from the previous year. Robust economic growth has been the main driver of auto sales. Going forward, higher interest rates and a higher supply of “off-leasing” vehicles will exert downward pressures on demand for new vehicles. Retailers are expected to focus…
In the first half of 2018, the Mexican economy grew at a lower rate than expected, with the service sector contributing 86.9% of GDP growth, less than the 92.1% observed in 2017. Manufacturing industries recovered in 2017, contributing 11.8% of growth, although uncertainty in the first half of the year affected their growth…
After record sales in the first half of the year, the Argentine automotive market sank sharply as a result of the 2018 currency crisis. However, the fall in internal demand is in contrast with the increase in exports. The 2019 forecast for the sector is not encouraging in the internal market.