In February, Brazil’s vehicle sector saw a remarkable 24.3% increase in production from January, reaching 189.7 thousand units. This uptick was highlighted by the automakers’ association, Anfavea.
Sales also saw growth, reaching 165.2 thousand new vehicles, a 2.2% monthly increase.
Notably, February’s daily sales rate surged 18.4% to 8.7 thousand units, as Marcio de Lima Leite, Anfavea’s president, shared with the media.
Leite underscored February’s performance as unprecedented since before the pandemic, marking a significant milestone in daily sales averages.
Electrified vehicles particularly shone, with 22.5 thousand units sold in the year’s first two months, including 8 thousand electric and 14.5 thousand hybrid vehicles.
These electrified models claimed a 7.3% share of all light vehicle sales in this period, a noticeable rise from 2023’s 4.3%, per Anfavea‘s findings.
Pre-tariff hike imports drove the surge in electrified vehicle sales this February, constituting 17% of light vehicle sales. Leite anticipates the trend of high imported vehicle registrations to persist into March.
Year-over-year, February saw a 17.4% production increase and a 27.1% surge in sales.
By February’s end, the sector maintained an inventory of 217.6 thousand new vehicles, matching January, equaling 38 days of sales.
Export numbers, however, fell 14.1% year-over-year in February, totaling 30.7 thousand vehicles.
Anfavea reports an 8.9% production rise, 19.8% sales increase, but 28% drop in exports in the first two months.
More: Brazil news in English, every day from The Rio Times.
Live Market IntelligenceBrazil — Live Market Board
Rio Times · Live Market Intelligence
Brazil — Live Market Board
+0.66%
172,457.76
+0.66%
71,610.23
-0.28%
10,660.94
+0.34%
2,848,945
—
2,452.46
-0.02%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 172,457.76 | +0.66% | +9.73% | 171,324.31 | 172,715 | 171,132 | — |
| USD/BRL | 5.67 | +0.45% | +7.09% | 5.64 | 5.67 | 5.63 | — |
| SELIC | 13.75% | — | — | — | — | — | |
| PETR4 | 45.30 | +1.34% | +39.43% | 44.70 | 45.44 | 44.62 | 23,431,200 |
| VALE3 | 63.50 | -0.70% | -3.30% | 63.95 | 64.24 | 63.12 | 11,175,700 |
| ITUB4 | 42.27 | +1.42% | +7.66% | 41.68 | 42.56 | 41.62 | 19,532,400 |
| BBDC4 | 14.52 | +1.40% | -25.46% | 14.32 | 14.54 | 14.27 | 32,353,600 |
| BBAS3 | 15.10 | -2.45% | -32.89% | 15.48 | 15.60 | 14.98 | 85,573,900 |
| B3SA3 | 14.89 | +0.88% | +2.90% | 14.76 | 14.94 | 14.53 | 34,792,900 |
| ABEV3 | 15.79 | +0.25% | +15.85% | 15.75 | 15.83 | 15.64 | 13,254,800 |
| WEGE3 | 51.31 | -0.66% | +14.48% | 51.65 | 52.05 | 50.93 | 7,741,000 |
| PRIO3 | 63.30 | +0.00% | +58.93% | 63.30 | 63.83 | 62.65 | 10,460,300 |
| SUZB3 | 54.77 | -2.27% | +14.92% | 56.04 | 55.98 | 54.66 | 3,845,300 |
| RENT3 | 30.07 | +1.66% | -28.47% | 29.58 | 30.35 | 29.58 | 7,599,300 |
| AZZA3 | 15.91 | -5.86% | -45.85% | 16.90 | 17.10 | 15.72 | 6,641,600 |
| CSNA3 | 3.72 | -12.06% | -56.79% | 4.23 | 4.14 | 3.71 | 54,060,600 |
| GGBR4 | 24.73 | -0.96% | +30.78% | 24.97 | 25.09 | 24.53 | 5,458,200 |
| ENEV3 | 26.81 | -0.70% | +38.98% | 27.00 | 27.09 | 26.64 | 5,990,500 |
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