Chile now buys more new vehicles than Argentina
- Chile is populated by 19.2 million inhabitants while Argentina is populated by 46.1 million inhabitants. Until 2020, Argentina bought more new vehicles (passenger cars and utility vehicles) than Chile, which seemed normal as this country is twice as populated as Chile. But since 2021, Chile has purchased more new vehicles than Argentina, which suggests the extent of the economic crisis currently gripping Argentina.
- In 2021, Chile purchased 434,347 vehicles compared to 370,357 units for Argentina, becoming the second largest market in South America behind Brazil (2,119,851 vehicles). In 2022, vehicle sales in Chile reached 445,937 units compared to 395,540 units in Argentina.
- In addition to this performance, Chile is the country in South America where the most Chinese brand vehicles are sold (116,668 units in 2022, which is much more than the other countries in the region: 44,577 units in Ecuador, 40,850 in Peru, 35,033 in Brazil, 18,766 in Colombia, 9,719 in Bolivia, 5,491 in Uruguay, 2,525 in Argentina and 1,753 in Paraguay). The 116,668 Chinese cars sold in Chile in 2022 already represent 26% of the Chilean market and 42% of all Chinese cars sold in South America (275,382 units).