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Brazil’s new vehicle market: Prospects to 2022

 Brazil's new vehicle market: Prospects to 2022

During 2017, Brazilian light vehicle (LV) demand increased by almost 9.5% to over 2.1 million units. This was the first year of growth after four years of decline that took sales down by 45%. Heavy vehicle (HV) demand rose by 5.1% to over 67,000 units, the first year of growth after three successive years of decline left the market 70% below its 2011 peak.

The improvements in both sectors were primarily the consequence of Brazil’s improving economy in 2017, with GDP growth estimated at 1.1% – far ahead of the start-of-year forecasts.

This Greenstreetsoftware.info report examines the prospects for LVs and HVs in Brazil’s recovering market in the period to 2022.

This content is available only to members of Greenstreetsoftware.info with a valid subscription.

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