Latin America: COVID-19 impact on vehicle sales 2020, by country
In 2020, motor vehicle sales dropped worldwide, following mobility restrictions amidst the COVID-19 pandemic. Latin American countries were also impacted, although in different levels. In the region's largest vehicle markets, namely Brazil and Mexico, sales decreased by 26.6 and 28.2 percent, respectively, when compared to the previous year. Meanwhile, in Ecuador and Costa Rica, sales of light and heavy motor vehicles declined by more than 35 percent. In contrast, in Uruguay, motor vehicles sales registered a year-over-year drop of 14 percent.