Brazil Car Production Rebounds in 2024

2025-01-14 14:02 By Felipe Alarcon 1 min. read

Vehicle production in Brazil, including passenger cars, light utility vehicles, trucks and buses, slumped by 19.5% over a month to 190,131 units in December 2024, according to Anfavea, the association that represents the automakers.

However, production rose 10.8% year-on-year, contributing to a 9.7% annual increase and totaling 2.55 million vehicles, enabling Brazil to reclaim its position as the world’s eighth-largest vehicle producer.

This growth reflected expanded credit, higher employment and income, increased fleet renewals, and a recovery in exports, with shipments to Argentina and Uruguay offsetting declines elsewhere.

Domestic vehicle registrations surged 14.1% to 2.635 million units, far outpacing the global average of 2%, while total sales of new and used vehicles hit a record 14.4 million units.

Imports also rose by 33% to 466,500 units, driven by a significant influx of electrified vehicles, particularly from China, raising concerns about Brazil’s trade balance.



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