American countries are expanding Its presence In the world markets owing to their growing economies. With the automotive sector being one of the major contributors to a country GAP to boost the growth potential of automotive industries, the South American governments are taking certain measures to increase competition and stimulate the economy that could positively affect the market.
The Fids from long-term established companies such as Fiat and Volkswagen have exulted In the increased capital in automobile industry. Brazil, the leading automotive market in South America, is largely controlled by three major companies: Fiat-Chrysler, Volkswagen, and General Motors. The increasing trend in the production has prompted strong investments from a number of manufacturers, thus contributing a larger share of Fids. Argentinean market is growing at a rapid rate with cheap labor force available in the country. The South American market is expected to grow at a CARR of 4. 5% by 2018.