The report provides detailed market analysis, information and insights into the Latin American consumer finance market, including:
The Brazilian consumer finance market increased in value at a compound annual growth rate (CAGR) of 19.15% during the review period (2007-2011). The success of Brazilian financial services is directly related to the country's economic growth. After recording declining levels of GDP growth due to the global economic crisis in 2009, Brazilian GDP grew by positive annual growth rates of 7.5% in 2010 and 3.8% in 2011. Brazil is expected to invest a total of BRL1.3 trillion into housing, construction, and infrastructure development during 2011-2014. This is expected to support the growth of the consumer finance market, especially the mortgage lending category, over the forecast period.
The Mexican consumer finance market recorded a negative CAGR of -4.91% during the review period due to global recession. However, the consumer finance market is projected to record a positive CAGR of 12.2% over the forecast period. Mexican retailers played a significant role in raising demand for the country's consumer finance market during the review period due to continuous improvement in product offerings and strategies to increase sales and revenues.
The Chilean consumer finance market recorded a CAGR of 12.28% during the review period. The consumer finance market is projected to record a CAGR of 9.45% over the forecast period. A massive earthquake in Chile in February 2010, had a negative influence on the country's economic development and significantly affected its infrastructure by damaging roads, commercial buildings and houses. However, this provided opportunities for the mortgage lending category, as people whose houses were damaged in the earthquake started to seek finance from the government and money lenders to rebuild their houses.