Surge in Brazil’s Vehicle Manufacturing Marks Industry High

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.

Year-over-year, February saw a 17.4% production increase and a 27.1% surge in sales.

Export numbers, however, fell 14.1% year-over-year in February, totaling 30.7 thousand vehicles.

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