UK Markets closed

Latin American Used Car Growth Opportunities

·1-min read

Latin America is going through challenging times with isolation measures and economic difficulties due to COVID-19. The global microchip shortages and the closure of regional automotive factories impacted new car sales, and stimulated the rise of their prices.

New York, Nov. 26, 2021 (GLOBE NEWSWIRE) -- announces the release of the report "Latin American Used Car Growth Opportunities" -

It also provoked the increase of used car sales and prices in the region. In 2020, 18.5 million used cars were sold, and almost half of them (9.1 million) were between business-to-business (B2B) and business-to-consumers (B2C) operations. Each country has its own particularities, depending on factors, such as domestic economy, market informality, and used car sales legislation. The used car market in Latin America comprises mainly physical stores (dealerships and resellers) and private sellers. However, the rise of online transactional models disrupted this scenario. These digital companies are responsible for purchasing and selling cars, and do not operate as an intermediary, as eMarketplaces do. This trend has stimulated other automotive companies to develop digital transactional solutions. This research will provide a comprehensive outlook on the used car market in Latin America, and meaningful insights for automotive participants to explore this unique and competitive market.
Author: Guira Barretto; Ingrid Schumann
Read the full report:

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.


CONTACT: Clare: US: (339)-368-6001 Intl: +1 339-368-6001

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting