Review of automotive production in Brazil
- Brazilian automobile production (PC+LCV), after overall growth between 2005 and 2013, gradually increasing from 2.4 million vehicles to 3.5 million, fell in 2014, 2015 and 2016 due to a serious economic crisis, thus falling to 2 million units in 2016. 2017 saw a recovery in production, which passed the 2.5 million unit mark. The following two years confirmed this catch-up, with production of nearly 3 million units per year. The Covid crisis in 2020 caused the volume of Brazilian production to drop to 2 million units, as in 2016, the lowest figure of the decade. The brasilian government has failed to give a real boost to the local auto industry since the production volume of 2021 is not much better than that of 2020 (2.1 million units) far the 2013 record (3.5 million units). The first five months of 2022 indicate that it will be difficult to reach a volume of more than 2 million units over the whole year, since production is down 9.5% over five months.
- Among the 17 manufacturers present in Brazil, which ones are progressing the most in 2022?
Only two brands saw their sales increase: Toyota (+26%) and Chevrolet (+9%). The other brands fell back, with the most significant declines recorded by: Citroën (-45%), Nissan (-25%), Volkswagen (24%), Renault (-23%), Hyundai (-15%), Fiat ( -13%). We observe that these sharp declines affect manufacturers with a strong presence in Brazil (Fiat, Volkswagen, Hyundai, Renault). The Brazilian market is indeed down sharply over the first five months of 2022: -17%.
Only two brands saw their sales increase: Toyota (+26%) and Chevrolet (+9%). The other brands fell back, with the most significant declines recorded by: Citroën (-45%), Nissan (-25%), Volkswagen (24%), Renault (-23%), Hyundai (-15%), Fiat ( -13%). We observe that these sharp declines affect manufacturers with a strong presence in Brazil (Fiat, Volkswagen, Hyundai, Renault). The Brazilian market is indeed down sharply over the first five months of 2022: -17%.
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