South American Passenger Car Sales for 2007
In 2007, South American car sales continued to exhibit positive growth, driven by factors such as a favorable economic climate, increased consumer confidence, and expanding access to credit.
Brazil remained the largest car market in South America in 2007. The country experienced sustained growth in car sales, with both domestic and imported vehicles performing well. Brazil’s expanding middle class, improving economic conditions, and government policies to stimulate the automotive sector, such as tax incentives and financing programs, contributed to the positive sales trend. Passenger car sales grew to over 2 million cars and grew 28%.
