Brazil Automotive Sector Report 2023 3rd Quarter

In Q2 2023, sales of new motor vehicles in Brazil reached 526,782 units, increasing by 11.7% q/q and by 2.8% y/y. Passenger cars was the leading category with a market share of 73.6% in total sales during Q2 2023, followed by light commercial vehicles and heavy vehicles with shares of 20.9% and 5.5%, respectively. Although the local economy is decelerating, the domestic demand for motor vehicles continued to expand in the period. Domestic passenger cars sales in Q2 2023 grew by 12.1% q/q and by 1.24% y/y, reaching a volume of 387,722 units. Light commercial vehicle sales witnessed an even better performance, with volume of sales reaching 110,026 units, growing by 21% q/q and 16.2% y/y. Conversely, heavy vehicle sales recorded a decline by 16.7% q/q and by 16.4% y/y to 29,034 units in Q2 2023.

This report provides a complete and detailed analysis of the "Automotive" sector for Brazil. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Automotive" sector in Brazil
• Crystallise the forces both driving and restraining this sector in Brazil
• Ascertain Brazil’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Brazil.
• Build a clear picture of trends, output and consumption for specific sub-sectors