New vehicle registrations in Brazil decreased 0.3 percent over a month earlier to 243 thousand units in August 2019, after a 9.1 percent rise in July. Output went down for light vehicles (-0.6 percent to 232 thousand); while increased for trucks (5.5 percent to 9.43 thousand) and buses (12.1 percent to 2.03 thousand). Meantime, exports of vehicles declined 12.8 percent to 36.7 thousand. Year-on-year, new vehicle registrations fell 2.3 percent while exports dropped 34.6 percent. Car Registrations in Brazil averaged 105.41 Thousand from 1957 until 2019, reaching an all time high of 420 Thousand in August of 2012 and a record low of 2 Thousand in February of 1957.
Car Registrations in Brazil is expected to be 218.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Car Registrations in Brazil to stand at 230.00 in 12 months time. In the long-term, the Brazil New Vehicle Registrations is projected to trend around 250.00 Thousand in 2020, according to our econometric models.