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Monday, September 16, 2024

Chinese cars make  inroads in Latin America

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SANTIAGO, Chile—Chilean truck driver Claudio Perez was dubious about his first purchase of a Chinese-made family car two years ago. But the price and quick delivery time convinced him, and now he is a convert.

Perez, 47, is one of millions of car buyers in Latin America to have made the shift from US- and Brazilian-built cars to Chinese models in recent years.

In 2019, the Asian economic giant sold $2.2 billion worth of cars in the region. Last year, the figure reached $8.5 billion, according to the International Trade Center (ITC), a UN agency.

Chinese car sales represented 20 percent of the region’s total in money terms—ahead of the United States with 17 percent and Brazil with 11 percent.

No other market outside Asia now has a larger share of Chinese cars, according to the ITC.

“We tend to stigmatize Chinese brands, but no… this one was super good, super good. So I don’t regret buying it,” Perez said of his first purchase, which he said he had expected to be “plastic-like.” AFP

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