Market Trend and Outlook

Despite reaching a new all-time high in 2022, the Chilean Vehicle Market in October 2023 falls for the 15th month in a row, with 24,911 new registrations (-12.7%). YTD figures at 259,727 are down 27.9% from the previous year.

Looking at cumulative data up to October 2023 brand-wise, Toyota becomes the new best seller with 22,008 (-20.7%), followed by Chevrolet at 17,665 (-45.5%) in front of Hyundai at 17,065 (-14.3%) and Kia -up 4 spots- with 14,870 sales (-11.8%).

Peugeot rises 2 spots in 5th position with 14,634 sales (-14.8%), followed by Suzuki at 14,325 sales (-23.2%), Nissan at 12,666 (-2.2%) and Ford -up 6 spots- with 10,707 new registrations (-3.3%)

MG falls 3 spots into 9th position with 9,695 sales (-45.8%), followed by Mitsubishi -up 1 spot- closing the top 10 with 9,056 new registrations (-33.7%).

Looking at specific models the Toyota Hilux is the best seller with a 5.5% year-on-year growth in sales, followed by the Mitsubishi L200 down 43.6%.

Medium-Term Market Trend

In the last decade the Chilean vehicles market has had many ups and downs. From 2011 to 2015 the market fluctuated in the low 200k range. First rising to a maximum of 263,146 in 2013 to then fall down to a minimum of 211,810 in 2015. By the end of 2016 the vehicles market in Chile had already gained 9.0% compared to the previous year, with 2017 following suit growing 52.5% and 2018 reporting a peak of 372,646 sales. 2019 marked the end of this 3 year uptrend, with sales reaching 369,864 but the end of the year.

The arrival of the pandemic in 2020 caused the market to drop 29.9% back down to 259,299.

It is clear that the issues faced during the pandemic weren’t due to structural problems in the industry, in fact, in 2021 the market reported an amazing growth, gaining 60.3% up to an all time high of 415,612 sales. The positive momentum continued into 2022, that totaled 425,856 new registrations, a 2.5% growth from the prior year. Despite the new-all time high, the second half of the 2022 strongly underperformed, with the last 5 months of the year posting losses.

 A combination of factors are behind the current industry struggle: the disruption in the global supply chain caused by a lack of raw materials, in particular for the production of microchips and Governments push towards Evs, an expensive alternative for low income consumers. At the moment affects from this last point are very mild, due to the low adoption of BEVs in South American countries (0.45% of total market share in South America).

Tables with sales figures

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

Excel Dataset

We purchase new vehicles registrations for 159 countries worldwide – included this one – from the local official authorities and receive a monthly file with raw data by country.

You can have access to this service:

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Market Report

The report provides a comprehensive and complete overview of the market competitive environment including information on the sales volumes of cars and light commercial vehicles, market size, market share, and industry trends.

Through our comprehensive global sales database and the expertise of seasoned consultants in this field, we can help you gain further insight into the automotive market trends and base your business decisions on actionable data.

Table of contents

• Country Overview
  • Geography
  • History
  • People & Politics
• Economic Outlook
  • Economy
  • Infrastructure
• Market Outlook
  • Market Heritage
  • Car Passenger’s segmentation
  • LCVs segmentation
  • Car Passengers Body Type mix
  • LCVs Body Type mix
  • Premium segment share
  • Chinese OEMs share
• Key Players
  • Top selling Groups 2022
  • Top selling Brands 2022
  • Premium Brands
  • Chinese Brands
• Market Data By Model
  • Top selling Models 2022
  • Top models by segment and body type
• Key Factors for market Evolution
  • Country development
  • Economic Outlook
  • Customer base evolution
  • Low-Carbon Transition Policy
  • Infrastructure & Investments
• 2023-2028 Volume Forecast
  • TIV evolution by segment
  • Cars and LCVs forecast
  • Segments forecast
  • Premium segment share forecast
  • Chinese OEMs share forecast
  • Forecast by Manufacturer

Price for market research: €2,500

Price for market research + Last 2 Years dataset in excel: €4,000

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Market Trend and Outlook

The Chilean Vehicles Market in 2022 totals 425,856 sales, a 2.5% increase from the prior year. Pushed by a strong Q1 and Q2 2022 reaches a new all-time high for the second year in a row. Despite the overall positive trend, December falls for the 5th month in a row with 33,805 new registrations (-17.1%).

Looking at cumulative data from 2022 brand-wise, the leader is still Chevrolet with 37,500 sales (-3.0%), followed by Toyota with the best performance in the top 10 at 30,125 (+40.6%) and Chery at 24,953 new registrations (+1.0%).

Hyundai falls down to 4th place with 23,802 sales (-15.0%) in front of Suzuki at 22,294 (-23.0%), MG with 21,118 (+1.3%) and Peugeot with 21,075 sales (+16.5%).

8th position is taken by Kia at 20,510 sales (-4.2%), with Changan in 9th at 18,491 (+16.7%) and Volkswagen in 10th at 17,223 sales (+2.6%).

Tables with sales figures

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

Sweden Auto Report 2018-2028 features historical data, market insights plus professional forecast on new vehicles sales by type, manufacturer, brand, and model providing an easy-to-use picture of the competitive landscape and its evolution.

Research Contents

Focus2move Automotive Market Reports provide a comprehensive and complete overview of the competitive environment including information on the sales volumes of cars and light commercial vehicles, market size, market share, and industry trends. The research also provides a deep analysis of segments and complete data for brands and models in the last two years, plus forecasts for total market sales, segments, and brands up to 2028.

Through our comprehensive global sales database, and the expertise of seasoned consultants in the field, we can help you gain further insight into the automotive market trends and base your business decisions on actionable data.

Make sure you stay one step ahead of your competitors!

Focus2move market reports can help you assist your data-driven decision-making process by providing up-to-the-minute automotive industry intelligence.

For further inquiries contact us at info@focus2move.com.

Table of contents:

• Country Overview
• Economic Outlook
• Market Outlook
  • Market Heritage
  • Car Passenger’s segmentation
  • LCVs segmentation
  • Car Passengers Body Type mix
  • LCVs Body Type mix
  • Premium segment share
  • Chinese OEMs share
• Key Players
  • Top selling Groups 2022
  • Top selling Brands 2022
  • Top selling models 2022
• Key Factors for market Evolution
• 2023-2028 Volume Forecast
  • TIV evolution by segment
  • Cars and LCVs forecast
  • Segments forecast
  • Premium segment share forecast
  • Chinese OEMs share forecast
  • Forecast by Manufacturer

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.

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.

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.

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.

Economic Environment

The economy is in the midst of a rocky fourth quarter as President Sebastian Piñera’s efforts to quell the protests that have engulfed the country since mid-October have so far proved unsuccessful. Amid the upheaval, the government proposed a rewriting of the constitution, while Congress approved a revised 2020 budget that ramps up public expenditure on pensions, healthcare and transport, and is projected to push the fiscal deficit to 2.9% of GDP from a previously planned 2.0% of GDP.

Available data since the start of the turbulence has been bleak, with economic activity contracting for the first time in two and a half years in October. This markedly contrasts the third quarter’s expansion, which saw the economy growing at the fastest pace of the year thanks to blistering fixed investment growth and a rebound in exports.

Market Trend

Chilean Vehicles Market hit a record in 2013 when sales reached 378.000 units, before to rapidly decline, 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 the 0.4 million units in the 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. Indeed, as reported by the local Association of Car Manufacturers, Total sales have been 373.277, down 10.6%.

A decade ago three brands (Chevrolet, Nissan and Hyundai) held 41% of market. In 2019 were declining and while Chevrolet was still on top of the ranking, its market share declined at 9.4% from 17.1% in the 2010, Hyundai has been overtaken by Kia, actually the second brand with 7.6% of share.

Tables with sales figures

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

Economic Environment

Chile economy seems to have accelerated in the fourth quarter on the back of upbeat domestic demand and a rebound of mining activity, following a disappointing third quarter. Despite pessimism among consumers, household spending benefited from a tighter labor market and easing price pressures. Supply side dynamics were less encouraging, however, with manufacturing output shrinking in November.

Growth is seen closing 2018 at 4.0%, with recent momentum offsetting the third-quarter slowdown. Looking ahead, the domestic economy is projected to decelerate somewhat in the near-term, although growth should remain slightly above potential as improving labor market dynamics and moderate inflation buttress household spending.

Market Trend

Chilean Vehicles Market hits an all time record in the 2013 when sales reached 378.000 units, before to rapidly decline, hit by the economic crisis, at 282.232 in the 2014. Then a positive path started and is still in place with 2017 jumped up 17.9%. Indeed, according to the data released by the ANAC, full year sales have been 360.822.

In the 2018 strong private demand sustained the market which has kept the momentum. Indeed, this year sales have signed a new all-time record, with 417.354 units sold. Moreover, this is the second consecutive year of double-digit growth, with sales up 15%.

Competitive Arena

At brand-wise, the competitive landscape is almost opened with the harsh battle for the leadership among 6 brands.

Actually, the 2018 market leader is Chevrolet, back on top for the first time since 2015, with 36.166 sales (+11.7%) with 8.7% of market share.

In second place Suzuki with 33.238 (+22.6%) followed by Hyundai with 32.710 (-1.3%), Kia with 32.432 (+7.7%), Nissan with 30.535 (+6.4%), Toyota with 29.951 (+11.4%), Mazda with 19.752 (+25%), Peugeot with 19.246 (+10.6%), Ford with 18.480 (+7%) and in 10th place Volkswagen with 15.925 (+35.5%).

Tables with sales figures

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

The crisis in Yemen has continued to intensify after reaching the 1000-day mark. Fighting in the capital Sana’a flared up in early December amid the death of former president Ali Abdullah Saleh at the hands of Houthi rebels.

Saleh, formerly a supporter of the Houthi cause, had recently declared his openness to peace talks with the Saudi-backed coalition. Over half the population is food insecure, and the total number of cholera cases reached around one million by the end of the year. Furthermore, over one million public salaries remained unpaid in November. In late December, Saudi Arabia began to allow commercial food and fuel imports at the Al Hudaydah port, loosening an earlier blockade that caused prices to spike.

Yemeni vehicles market collapsed in the last years. From the 14.696 vehicles sold in the 2013 the industry dropped to only 3.025 in the 2016, before to show a little recovery in the 2017, mainly in the second half, with 3.938 units.

Just 11 carmakers are still active in the market, while Toyota, thanks to 4 models (Hilux, Prado, Land Cruiser and Land Cruiser pick up) holds 78% of market share.

Tables with sales figures

In the tables below we report sales for Top Brands