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LATIN AMERICA: "Autos/Trucks: Brazil Demand Increases in October (2017)" report

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back to index backLATINtalk March,  2017


WardsAuto: Emerging Markets Key to Growth in 2017

Last year proved a mixed bag for light-vehicle sales in emerging markets.

While growth continued across most of the emerging Asia-Pacific region, the biggest markets in Eastern Europe, Latin America, the Middle East and Africa contracted under pressure from unfavorable macroeconomic conditions.

However 2017 is likely to see a reversal of fortunes, as markets that were in decline in 2016 recover, while high-growth markets slow due to saturation.

Dynamic economic growth in large emerging markets such as China and India has significantly improved the economic prospects for large swaths of the population, but gains in income and especially wealth have been concentrated at the top of the social classes.

While we have seen middle income and wealthy households make significant gains in terms of percentage growth since the 2008 recession, the vast majority of the population is concentrated at the bottom of the income and wealth scales.

To read the entire article, please click here.

Source: WardsAuto - GAI





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