The agreement is with two Chinese vehicle manufacturers.

Articulated, full low floor and with capacity for 130 passengers, the urban AzureA18BR is imported CBU from China and offers an average range of 270 kilometres.

Peru, like other main countries of South American saw commercial vehicles sales decrease in the first six months of 2023 and by 11.0% to 8,220 units compared with 9,240 units sold in the same period of 2022.

Iveco confirmed its leadership in the Argentine heavy commercial vehicle market, both by brand, displacing Mercedes-Benz, and by model, with the Tector 170E truck.

The 64,000 square metre facility in San Luis Potosi will house a new manufacturing facility for power electronic components and electric motors with 380 new jobs to be created over the next five years. The facility is planned to come on line incrementally with phase 1 beginning in Q2 2024.

According to AEADE of Quito, 8,167 units were sold in the first half of 2023, surpassing the 7,413 vehicles registered in the same period last year.

According to Santiago-based ANAC (Asociación Nacional Automotriz de Chile) trucks registrations between January and June this year decreased by 19.7% compared with the same period in 2022, where as the bus and coach volumes rose by 60%.

The Colombian market for commercial vehicles closed the first half of 2023 with a significant decrease of 17.1% compared with the period of January to June in 2022, according to data released by the Bogotá-based Asociación Nacional de Movilidad Sostenible – ANDEMOS.

Uruguay remains one of the smallest markets for CVs in Latin America and yet has a relatively high and disproportionate number of brands competing in the market place.

Brazilian body builders produced 10,336 units in the period January to June this year, up 26.8% compared with the 8,152 units manufactured in the same period of 2022.

The move to stricter emissions in January this year led to a fall in demand.

Sales in the first half of this year rose to 3,580 vehicles an increase of 18.2% over the same period in 2022.