Market Share of South America Automotive Industry
A few major manufacturers in the South American automotive market include Stallantis, General Motors, Toyota Motor Corporation, Nissan Group, and Volkswagen AG. Between 2021 and 2022, Toyota led the market with more than 73,000 units of new registrations, followed by Volkswagen with 55,000.
For instance, in July 2023, Volkswagen is planning a major product offensive in South America, with the goal of increasing its market share in Brazil by 40% by 2027. The company will launch 15 new electric and flex-fuel vehicle models by 2025 and will follow up with hybrid vehicles in the medium term. The first fully electric models, the Volkswagen ID.4 and ID. Buzz, will be available in Brazil before the end of 2023.
In July 2023, Stellantis launched it is New Citroën C3 for the South American Market.
South America Automotive Market Leaders
General Motors
Stellantis NV
Renault Group
Volkswagen AG
Toyota Motor Corporation
*Disclaimer: Major Players sorted in no particular order
