South American Passenger Car Sales for 2016
In 2016, South American car sales faced challenges in several countries, but there were also signs of recovery in certain markets.
Brazil’s car market, the largest in South America, continued to experience difficulties in 2016. The country was still grappling with the aftermath of an economic recession, high unemployment rates, and political uncertainty. Car sales remained sluggish, although there were some signs of stabilization towards the end of the year. Argentina’s car market showed signs of recovery in 2016. The government implemented economic reforms aimed at stimulating the automotive sector, including tax incentives and financing programs. These measures helped boost consumer confidence and contributed to increased car sales.
