Brazilian light-vehicle registrations jump 24.5% y/y in October
Light-vehicle (LV) registrations in Brazil increased by 24.5% y/y in October, and are up 14.4% y/y in the YTD. Over the first 10 months of 2018, light-vehicle exports have dropped 11.1% y/y, while production has risen 9.0% y/y.
Brazilian LV registrations took a sharp incline in October, pulling the YTD figure to 2.03 million units, as the month saw an increase in available credit. October's LV production increased 4.0% y/y. The IHS Markit full-year forecast has been updated, currently forecasting that Brazil will see LV sales of 2.44 million units in 2018, up 12.4% from 2017. LV exports remain soft, in part on a weakening Argentinian market. IHS Markit forecasts Brazil's LV production will reach 4.11 million units in 2026, compared with a forecast of 2.88 million units in 2018. Brazil's market is seeing a V-shaped recovery, rather than the U-shaped recovery previously expected.
Read more articles like this one. Get a free trial to AutoIntelligence Daily
- Vehicle production in Turkey declines 6% y/y during 2019
- South Korea to increase e-mobility subsidy budget for 2020
- Tesla plans production of up to 500,000 upa at new German plant
- Automotive Industry Leaders Join IHS Markit in Key roles
- CES 2020: Technology drives architecture transformation in the vehicle, bringing disruption and opportunity
- Ola signs up over 10,000 drivers ahead of London launch
- EU passenger car registrations grow 4.9% y/y during November – ACEA
- Indonesia aims to open EV battery plants in 2023
Jeremy Carlson recaps the 2020 Consumer Electronics Show (CES). https://t.co/rSYzi3wnco