Surge in Brazil’s Vehicle Manufacturing Marks Industry High
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.
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Brazil — Live Market Board
+0.13%
183,223.75
+0.13%
64,944.41
-0.07%
11,080.24
-0.51%
2,800,120
+0.04%
2,581.92
+0.10%
60,220.45
+0.05%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 183,223.75 | +0.13% | +21.85% | 182,991.13 | 168,310 | 167,142 | — |
| USD/BRL | 5.16 | +0.01% | -5.13% | 5.16 | 5.18 | 5.14 | — |
| SELIC | 14.00% | — | — | — | — | — | |
| PETR4 | 41.64 | -0.05% | +35.19% | 41.66 | 41.97 | 41.15 | 41,499,400 |
| VALE3 | 72.97 | +0.83% | +30.75% | 72.37 | 73.54 | 72.66 | 17,658,000 |
| ITUB4 | 38.60 | -1.03% | +4.57% | 39.00 | 39.34 | 38.39 | 29,487,800 |
| BBDC4 | 16.85 | +0.36% | +3.50% | 16.79 | 16.90 | 16.67 | 19,416,900 |
| BBAS3 | 19.37 | +0.47% | +0.73% | 19.28 | 19.44 | 19.16 | 11,069,200 |
| B3SA3 | 14.26 | -0.21% | +12.73% | 14.29 | 14.47 | 14.11 | 33,037,800 |
| ABEV3 | 14.89 | -0.80% | +21.91% | 15.01 | 15.07 | 14.81 | 16,453,100 |
| WEGE3 | 47.59 | +0.49% | +29.99% | 47.36 | 48.08 | 47.36 | 3,364,600 |
| PRIO3 | 59.14 | -0.19% | +50.67% | 59.25 | 59.81 | 58.74 | 3,325,600 |
| SUZB3 | 41.33 | +2.35% | -23.55% | 40.38 | 41.48 | 40.35 | 3,914,900 |
| RENT3 | 34.68 | -0.09% | +0.84% | 34.71 | 34.96 | 34.35 | 7,979,100 |
| AZZA3 | 15.89 | -2.63% | -53.76% | 16.32 | 16.42 | 15.82 | 1,330,300 |
| CSNA3 | 4.30 | +0.47% | -42.65% | 4.28 | 4.41 | 4.26 | 10,076,100 |
| GGBR4 | 24.69 | +2.19% | +51.38% | 24.16 | 24.85 | 24.18 | 7,047,600 |
| ENEV3 | 24.21 | -1.38% | +70.49% | 24.55 | 24.64 | 23.99 | 9,297,000 |
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