RIO DE JANEIRO, BRAZIL - Despite vehicle sales in Latin America sliding 25% in 2020 in wake of the worldwide health pandemic and correlating economic crisis, the commercial fleet market fared much better.
Based on data acquired from the most influential markets in the region, here is Global Fleet’s findings from countries with the five largest national fleets (Brazil, Mexico, Argentina, Colombia, and Chile) which make up some 80% of the Latin American market.
In Brazil, home to some 56.5 million vehicles, a total of 3.19 million new units were licensed in 2020, down . . .