Motor vehicle sales had significantly decreased in Latin America amid the COVID-19 outbreak, before recovering through 2021 to 2022. In 2023, Venezuela reported a year-over-year growth rate around 82.9 percent, while Mexico's automotive market grew by 24.63 percent. On the other hand, the markets in Chile and Colombia experienced a significant decrease in 2023.
Year-over-Year (YoY) change in motor vehicle sales in selected countries in Latin America in 2023
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Statista. (March 31, 2024). Year-over-Year (YoY) change in motor vehicle sales in selected countries in Latin America in 2023 [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/957108/car-unit-sales-growth-latin-america/
Statista. "Year-over-Year (YoY) change in motor vehicle sales in selected countries in Latin America in 2023." Chart. March 31, 2024. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/957108/car-unit-sales-growth-latin-america/
Statista. (2024). Year-over-Year (YoY) change in motor vehicle sales in selected countries in Latin America in 2023. Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/957108/car-unit-sales-growth-latin-america/
Statista. "Year-over-year (Yoy) Change in Motor Vehicle Sales in Selected Countries in Latin America in 2023." Statista, Statista Inc., 31 Mar 2024, https://www.statista.com/statistics/957108/car-unit-sales-growth-latin-america/
Statista, Year-over-Year (YoY) change in motor vehicle sales in selected countries in Latin America in 2023 Statista, https://www.statista.com/statistics/957108/car-unit-sales-growth-latin-america/ (last visited October 31, 2024)
Year-over-Year (YoY) change in motor vehicle sales in selected countries in Latin America in 2023 [Graph], Statista, March 31, 2024. [Online]. Available: https://www.statista.com/statistics/957108/car-unit-sales-growth-latin-america/
