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Chilean Car sales in 2007
Car sales in Chile have also gained significant momentum in 2007, with volumes advancing 21 per cent year-over-year in the first half, more than double the nine per cent gain in 2006. This reflects acceleration in Chile's GDP growth to roughly six per cent, up from 4.5 per cent last year. Chile has the highest GDP per capita in Latin America at around US$8,300, and one of the highest vehicle penetration rates at 13.1 per cent compared with a regional average of 10 per cent. We expect car sales in Chile to exceed 150,000 units in 2007 and to approach 200,000 units by decade-end, up from 117,000 units in 2006.
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