‎Brazil News

Do You Have A Case?

Contact our attorneys now

I'm not a robot


Production of light commercial cars, trucks and buses in the country is up 6.9% from January to November compared to the same period in 2021
By Jovem Pan 12/08/2022 7:42 am
Car manufacturer
Automakers have idle capacity of more than 50% in Brazil
Automakers installed in Brazil will close the year 2022 with a positive balance compared to the previous year. From January to November, almost 2.2 million light commercial cars, trucks and buses were manufactured in the country, which already represents an increase of 6.9%. In November alone, 215,800 vehicles were produced, up 4.9% over October. Together, the automakers have the capacity to manufacture 5 million units, reaching idle capacity of more than 50%. The main difficulty in the sector continues to be the lack of parts on the market. The president of the National Association of Automotive Vehicle Manufacturers (Anfavea), Márcio Lima, assesses that production failed to meet consumer demand in 2022, but recognizes that the economic scenario, with high interest rates, distances a significant portion of potential buyers of vehicles. “The limitation of production continues to be the main driver for 2023, however, the market with this composition of 70% of sale in cash and 30% in installments raises an alert for the coming years. The consumer who, traditionally, seeks to renew his vehicle if he doesn't have the money in sight, he is no longer able to make the exchange”, analyzes Márcio Lima.
In addition to the scenario pointed out by the president of Anfavea, after the Covid-19 pandemic, vehicle prices also rose dramatically. A model considered cheap on the market currently exceeds BRL 70,000, a natural sales inhibiting factor. Thus, despite the growth in production, the year to date for sales remains negative: -1.3%, with 1.88 million. In November, 204 thousand were sold in November alone, 17.9% higher than in November 2021.
*With information from the reporter Marcelo Mattos


Mr. Alessandro Jacob speaking about Brazilian Law on "International Bar Association" conference

Find Us

Rio de Janeiro

Av. Presidente Wilson, 231 / Salão 902 Parte - Centro
CEP 20030-021 - Rio de Janeiro - RJ

+55 21 3942-1026

São Paulo

Travessa Dona Paula, 13 - Higienópolis
CEP -01239-050 - São Paulo - SP

+ 55 11 3280-2197