Brazil Automotive Sector Report 2023 4th Quarter

In Q3 2023, sales of new motor vehicles in Brazil stood at 631,076 units, increasing by 19.8% q/q and by 7.95% y/y. Passenger cars was the largest segment with a market share of 75.42% in Q3 2023, followed by light commercial vehicles and heavy vehicles with shares of 19.68% and 4.9%, respectively. Heavy vehicle sales increased from Q2 2023 but declined compared to Q3 2022 due to a shorter September (three working days less than the month before) and the end of the government's tax incentive programme in July 2023. Conversely, the sales of light vehicles increased driven by rising demand for electric vehicles, supported by government programmes and brand discounts.

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