Brazil Automotive Sector Report 2024 2nd Quarter

In Q1 2024, sales of new motor vehicles in Brazil stood at 514,571 units, increasing by 9.1% y/y but falling by 24.2% against the previous quarter. Passenger cars were the largest segment with a market share of 73.2% in Q1 2024, followed by light commercial vehicles and heavy vehicles with shares of 20.8% and 5.9%, respectively. Passenger car sales rose by 8.9% y/y in Q1 2024 (falling by 26.4% q/q), pushed up by higher imports of Chinese EVs. Light commercial vehicle sales grew by 17.9% y/y in Q1 2024 (decreasing by 19.8% q/q) as Brazilian consumers are increasingly interested in medium and large-size vehicles. Heavy vehicle sales fell by 12.2% y/y in Q1 2024 (and by 9.2% q/q) due to the higher retail prices of heavy vehicles compatible with Euro VI Emission Standards.

This report provides a complete and detailed analysis of the "Auto manufacturing" 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 "Auto manufacturing" 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