This report is produced extracting the registrations figures from the Global Database owned by our team, which track registrations i 159 countries, all brands, all models.

Looking at cumulative data up to October 2023, the leadership is solid in the hands of Toyota Group (data for all OEMs does not includes HCV and Buss, so Hino is not included under Toyota) which sold 8.82 million vehicles (+4.7%), losing 6.8% Africa, gaining 6.1% in the Asia and 9.1% in Europe.

The second is Volkswagen Group with 7.15 million sales (+9.1%) growing sharply in America (+16.6%) and Europe (+20.3%).

Hyundai-Kia ranks in 3rd spot reporting 5.91 million sales and a 4.4% increase in sales. This growth was sustained by surges in America (+7.9%) and Asia (+6.3%).

In 4th spot the Renault Nissan Alliance accumulates 5.63 million sales (+5.1%). The struggle in Asia (-15.3%) and Africa (-8.8%) is compensated by growths in both Americas (+22.2%) and Europe (+18.0%).

Stellantis maintains 5th spot with 5.52 million sales (+5.5%). It lost substantial sales in Asia (-13.3%), while growth was reported in Europe (+12.5%).

Behind, General Motors with 5.05 million sales (+1.6%) followed by Ford with 3.31 million units sold (+4.6%).

Honda Motor ranks in 8th with 3.29 million new registrations (+1.5%), losing both in Europe (-11.5%) and Asia (-9.8%).

In 9th place Suzuki with 2.55 million sales is up 5.3% sustained mainly by a +5.5% in Asia.

In 10th place ranks BYD -up 3 spots- with 2.11 million sales (+56.8%). The Chinese Group did better than Tesla (14th with sales up 29.4%) and is now the World Leader among EVs specialists.

Tables with sales figures

In the tables below we report sales for the top 30 groups.

Ecuadorian vehicles market recovered in 2022. Although economic difficulties, demand for new light vehicles was positive compared with the previous year and 2022 sales were 134.706 (+15.8%). scoring the third highest level ever.

Market Trend

Following the technical recession stage (in the first half 2022) in Q3 and Q4 2022 the Ecuador’s GDP started to grew again with a slower annual pace in Q4 compared to Q3.  In October–December, economic activity growth was almost flat, weighed down by weak output in October and a contraction in December.

Credit growth also decelerated through December, while consumer confidence slipped from Q3 on average—likely dampened by the introduction of a state of emergency in two provinces in November amid surging gang violence—suggesting restrained private sector activity.

In such not positive environment, demand for new light vehicles was positive compared with the previous year and full year 2022 sales were 134.706 (+15.8%). scoring the third highest level ever.

The market continue the deep transformation process with Chinese manufacturers fast growing at the expense of Western companies, American overall.

Looking at the ranking by Brand, the market leader in 2022 was again Chevrolet selling 25.671 vehicles  (-1.6%) with 18.6% of market share.

In second place Kia was stable with 24.199 sales (+6.9%) and 17.5% of share, while the third place was gained for the first time by a Chinese, Chery, with 12.554 sales (+64.4%) and 9.1% of share.

Toyota was 4th gaining 15.5% ahead of Hyundai (+19.5%), Renault (+12.7%), Great Wall (+52.9%), DSFK (+59.2%) and Jac (+127.5%).

As you can note, in the top 10 there are 4 Chinese OEMs.

Tables with sales figures

In the tables below we report sales for Top 10 Brands.

This report id produced extracting the registrations figures from the Global Database owned by our team, which track registrations i 159 countries, all brands, all models.

In 2022 global light vehicles sales (cars + LCVs) accumulated to 76.96 million with a moderate 4.1% decline from the previous year.

The leadership is solid in the hands of Toyota Group (data for all OEMs does not includes HCV and Buss, so Hino is not included under Toyota) which sold 10.0 million vehicles (-1.8%), losing over 60% in the C.I.S. area and 10.3% in North America.

The second is Volkswagen Group with 7.86 million sales (-7.2%) losing sharply in Europe (-10.7%), North America (-20.0), Latin America (-11.5), the UK (-12.1%). The Loss was mitigated by a 0.2% loss in the world’s largest area, Asia.

The third is Hyundai-Kia, with 6.66 million sales (-5.7%) due to losses in Asia (-1.1%), North America (-4.7%) and Europe (-14.9%). The Group reported a growth in sales only in Oceania (+7.7%).

In fourth place and down 1 spot we find the Renault Nissan Alliance  with sales at 6.32 million (-15.7%) . Sales are declining in all sub-regions, apart from in Africa (+6.0%) and in East Europe.

In fifth spot the French-Italian-American Group Stellantis with sales at 6.31 million (-8.6%). The group is struggling both in Europe (-11.9%) and North America (-10.7%) while growing rapidly in the ASEAN (+31.0%).

Behind, General Motors with 5.83 million sales (-7.8%) followed by Honda Motor with 3.70 million and the worse performance among the leaders (-20.3%).

Ford ranks in 8th with 3.64 million new registrations (-6.2%), losing in North America (-1.4%), Europe (-8.4%) and Asia (-15.4%).

In 9th place Suzuki with 2.87 million sales is up 4.7% thanks to the +7.9% reported in Asia countered by the heavy loss in Europe (-32.9%).

In 10th place ranks the first premium group, BMW with 2.33 million sales (-8.0%), losing in Asia and Europe.

The rising star is the Chinese BYD -up 8 spots- in 13th spot, specialized in electric vehicles with sales booming 156.9%. The Chinese brand did better than Tesla (15th with sales up 41.4%) and is now the World Leader among EVs specialists.

Tables with sales figures

In the tables below we report sales for the top 30 groups.

Uruguay’s economy grew a solid 2.2% year-on-year as growth in private consumption and exports offset a sharp contraction in fixed investment partially linked to the ongoing closure of the La Teja refinery. Private consumption growth remained robust despite rising inflation throughout the quarter, but is likely to have moderated somewhat since, as salary growth was weak in October and November. Exports, however, grew at the quickest rate since Q2 2013 in Q3, boosted by a strong tourism sector. Moreover, industrial production is seemingly showing signs of a recovery.

Uruguayan vehicles market in recent years declined from the record established in the 2013, with 56.220 light vehicles sold to the 44.285 units reported in the 2016. However, according to data released by the ACAU, the Asociation del Comercio Automotor del Uruguay, during the 2017 the market reported a robust performance ending the year at the second best result ever, with 56.843 units (+25.4%).

Volkswagen runs fast on top of the list selling so far 8.303 vehicles (+52.7%) and 14.6% of market share.

In second place the fast growing Chevrolet, up 92.5% with 7.331 sales followed by Fiat with 6.344 sales (+14.8%), Renault with 5.109 (+16.6%), Suzuki with 4.996 (+11.7%), Nissan with 3.211 (+27.6%), Hyundai with 2.959 (+33.6%), Peugeot with 2.686 (+28.8%) and Ford with 1.889 (-10.2%).

Tables with sales figures

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

Market Outlook

The Uruguayan economy is expected to have decelerated for the third consecutive year in 2016, dragged down by the difficult economic situation in Brazil and Argentina. The economy should gain some strength in 2017 on the back of expanding private consumption and fixed investment. FocusEconomics Panelists expect GDP to increase 1.0% in 2017, which is unchanged from last month’s forecast, before picking up to 2.2% in 2018.

Meantime, the new vehicles market in 2016 was in negative territory for the third consecutive year. However the sales declined moderately, sustained by the strong end performed in the last two months of the year.

According to data released by the ACAU, the Asociation del Comercio Automotor del Uruguay, the domestic vehicles passengers in December the sales had been 5.979 (+14.3%), for a total of 44.369 (-8.5%).

Competitive Arena 

The brand leader of the year was Fiat recording 5.524 units (+31.5%) ahead of Volkswagen with 5.436 (-3.9%), while Suzuki was third despite the sales losses with 4.473 (-35.4%). Among the highest increases were posted by Ford, Toyota, Mazda, Geely and Renault, while the best performers were Zotye and Jeep (+745.2%).

Chery reported the worst performance losing 66.1% followed by Chana, Suzuki, BYD, Chevrolet and Dongfeng.

Tables with sales figures

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

Economic Outlook

Despite being one of the more stable and steadily-expanding countries in the region, Uruguay is facing external headwinds that will likely cause growth to slow to an over-ten-year low in 2015. Such external factors include softening external demand and financial challenges stemming from capital outflows that have resulted from policy tightening in the U.S. GDP managed only a meager 0.6% expansion in Q3, which was up from Q2’s 0.3% contraction in Q2.

The figure was the result of a collapse in imports, which bolstered the external sector’s contribution, thus offsetting shrinking domestic demand. In a broader context, however, Uruguay seems competitive. Most of Uruguay’s MERCOSUR neighbors are likely to perform significantly worse in 2015 and the country’s growth forecasts are still above the Latin American average.

Market Outlook

Following the 8.2% lost in the first half, the domestic new vehicles market kept the negative momentum falling in the second half 2015 and reporting all months down year-on-year. Consequently, as released by the ACAU, the Asociation del Comercio Automotor del Uruguay, during the entire 2015, light vehicles (cars+ LCVs) sales had been down 15.9% at 44.316 units.

Following the series of three consecutive all time records scored in the period 2011-2013 when the market fixed a record at 57.111 units, the 2015 decline has been the second in a row and, according to 2016 forecast, will not be the last.

The Japanese Suzuki replaced Chevrolet as market leader with 6.398 sales (+29.6%) and 13.3% of market share. Second was Volkswagen, with 5.630 (+19.4%) while the former leader, Chevrolet, fell in third place with 5.379 (-15.3%) ahead of Mitsubishi with 4.589 (boomed 308%), Fiat with 4.202 (-9.8%), Nissan with 2.884 (-17.0%) and Renault with 2.167 (-31.1%).

Tables with sales figures

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