The Colombia automotive market size is projected to expand at a CAGR of 3.90% between 2026 and 2035.
Base Year
Historical Period
Forecast Period
In the year 2021, Colombia had a total of 17 million vehicles in circulation, with cars accounting for 6.7 million, or 39% of the total share.
In Latin America, a total of 5.5 million vehicles were produced in 2021, and Colombia maintained its position as the fourth-largest producer with 44,140 units manufactured.
Colombia saw 250,497 vehicles sold in 2021, marking a 33% increase from the previous year, and it is projected that sales will experience an average annual growth rate of 4% between 2022 and 2025.
Compound Annual Growth Rate
3.9%
2026-2035
*this image is indicative*
As per the Colombia automotive market analysis, the rise in environmental consciousness among the public, coupled with increased public investment in the production of electric vehicles, improved parking accessibility, and the expansion of charging networks, is fuelling the demand for electric vehicles. Furthermore, car manufacturers are introducing new electric vehicles in the region, further stimulating the Colombia automotive market growth.
For instance, in November 2022, Hyundai unveiled its first electric car in the region. Additionally, in February 2024, General Motors (GM) confirmed its plans to launch the all-new Chevy Blazer EV and Chevy Equinox EV in Colombia. GM also announced that these two fully electric vehicles will play a pivotal role in their electric vehicle strategy in South America.
Furthermore, the nation boasts a vast network of support firms that aid assembly companies, with approximately 600 companies involved in producing automotive parts and accessories, nearly 2,000 companies registered in automotive trade, and over 4,600 companies registered in vehicle maintenance and repair. Entrepreneurial endeavours in the automotive sector include the Chamber of the Automotive Industry of the National Association of Industrialists (ANDI), the National Association of Sustainable Mobility (ANDEMOS), the Colombian Association of Automotive Parts Manufacturers (ACOLFA), and the Automotive Sector and its Parts Association (ASOPARTES).
Colombia Automotive Market Report and Forecast 2026-2035 offers a detailed analysis of the market based on the following segments:
Market Breakup by Vehicle Type
Market Breakup by Engine Type
Automotive manufacturers are focusing on expanding their line of automobiles equipped with intelligent features, further accelerating the transition towards electric vehicles.
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The market is estimated to grow at a CAGR of 3.90% between 2026 and 2035.
The key factors leading to the market expansion include the rise in passenger car sales, the surge in automobile production, and the introduction of new vehicle models.
The key trends aiding the market expansion include the growing integration of cutting-edge technologies and the escalating demand for electric vehicles.
The major vehicle types are hatchback, multi-purpose vehicle, sedan, and sports utility vehicle.
The major engine types in the market are hybrid and electric vehicles and internal combustion engine vehicle.
The major players in the market are Ford Motor Company, BMW AG, Mercedes-Benz Group AG, Toyota Motor Corp., Volkswagen AG, Nissan Motor Co. Ltd., Hyundai Motor Company, Honda Motor Co. Ltd, AB Volvo, Kia Corporation, Suzuki Motor Corp., and General Motors Company (Chevrolet), among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Vehicle Type |
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| Breakup by Engine Type |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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