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Automotive
The mission of the Automotive industry – one of the most globalised industries – is to provide safe and accessible transportation for the world’s increasing population. The industry is one of the main engines of economic growth, with important multiplier effects both in upstream sectors such as metal processing, chemicals, and textiles, and in downstream sectors like ICT, trade and services. It is also one of the biggest innovators on a global scale, rapidly adopting breakthrough technologies that address the need for more efficient and environmentally-friendly transport solutions.
The Automotive industry involves the manufacturing of bodies, engines, parts and whole vehicles for ground transportation. Such vehicles include motorcycles, cars, light commercial vehicles and heavy commercial vehicles.
In Q3 2023, sales of new motor vehicles in Brazil stood at 631,076 units, increasing by 19.8% q/q and by 7.95% y/y. Passenger cars was the largest segment with a market share of 75.42% in Q3 2023, followed by light commercial vehicles and heavy ...
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The motor vehicle industry in Latin America continues to recover from the negative effects of the pandemic, but the recovery in 2021 and 2022 (both in output and domestic sales) was insufficient to reach the pre-pandemic volumes reported in 2019 ...
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In Q2 2023, sales of new motor vehicles in Brazil reached 526,782 units, increasing by 11.7% q/q and by 2.8% y/y. Passenger cars was the leading category with a market share of 73.6% in total sales during Q2 2023, followed by light commercial ...
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In Q1 2023, sales of new motor vehicles in Brazil stood at 471,775 units, decreasing by 21.61% q/q and increasing by 16.3% y/y. Passenger cars was the largest segment with a market share of 73.3% in Q1 2023, followed by light commercial vehicles and ...
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The Colombian automotive industry is characterised by dissimilar levels of development at the segment level. Motorcycles are the main product of the Colombian automotive sector as the country kept its position as the second largest motorcycle ...
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In 2022, Brazil's automotive sector showed mixed signs of recovery from the negative effects of the COVID-19 pandemic. Motor vehicle output registered its second consecutive annual growth rate in 2022, albeit significantly below the pre-pandemic ...
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China's automotive sector continued to rank first globally in terms of production and sales in 2022. According to the statistics published by the China Association of Automobile Manufacturers (CAAM), the country's total motor vehicle output and sales ...
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Having weathered the initial impact of the COVID-19 pandemic, the automotive industry in Emerging Europe* encountered a fresh wave of obstacles in 2022. Global semiconductor shortages, rising raw material prices, and the energy crisis stemming from ...
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Indonesia is the largest market for two- and four-wheel vehicles in the ASEAN region, as well as the second-largest motor vehicle producer in the region. The automotive sector is an important driver of economic growth in Indonesia and it has been ...
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China's automotive sector continued to rank first globally in terms of production and sales in 2022. According to the statistics published by the China Association of Automobile Manufacturers (CAAM), the country's total motor vehicle output and sales ...
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