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On April 25, the president of Stellantis for South America, Emanuele Cappellano, announced a new investment cycle of BRL 13 billion at Goiana plant.
The amount is part of the BRL 30 billion previously announced and will be used for launching new models, expanding the supply chain, developing new technologies and accelerating the decarbonization of mobility.
This investment will also generate jobs and stimulate industry, commerce and will improve the life quality in the region.
The Associacao Nacional dos Fabricantes de Veiculos Automores (ANFAVEA) announced that Brazilian vehicle sales (including trucks and buses) in March 2024 of 187,731 units represented an decrease of 5.7% from March 2023.
Vehicle sales in March consisted of 137,918 passenger cars; 38,312 light commercial vehicles; 9,887 trucks; and 1,614 buses.
Among passenger vehicle manufacturers, FCA sold 29,174 units (21.2% share), VW sold 25,908 units (18.8%), GM sold 17,488 units (12.7%), Toyota sold 11,436 units (8.3%) and Hyundai sold 10,826 units (7.8%). Among light commercial vehicle manufacturers, FCA sold 18,520 units (48.3% share), VW sold 4,872 units (12.7%), GM sold 3,977 units (10.4%), Toyota sold 3,499 units (9.1%), Renault sold 2,020 units (5.3%).
The VW Polo was the best-selling passenger vehicle in March with 11,943 sales, followed by the Chevrolet Onix with 7,753 sales, Fiat Argo with 6,850 sales, VW T Cross with 5,462 sales, Hyundai HB20 with 5,288 sales, Nissan Kicks with 5,034 sales, and Chevrolet Tracker with 4,711 sales.
The Fiat Strada was the best-selling commercial vehicle in March with 9,990 sales, followed by the VW Saveiro with 4,607 sales, Fiat Toro with 3,957 sales, Toyota Hilux with 3,498 sales, GM Montana with 2,165 sales, Ram Rampage with 2,133 sales, and Chevrolet S10 with 1,740 sales.
In ANFAVEA's sales report by fuel type, sales of flexible fuel vehicles were down 10.5% y/y to 138,786 units (78.8% share), diesel vehicles were down 21.4% to 16,060 units (9.1%), gasoline vehicles increased 57.8% to 7,776 units (4.4%), hybrid vehicles increased 32.4% to 4,454 units (2.5%), Plug-in hybrid vehicles increased 48.4% to 3,022 units (1.7%) and electric vehicles increased 950.0% to 6,132 units (3.5%).
On March 8, Scotiabank maintained its previous January forecast, estimating full-year Brazilian sales of 2.27 million units in 2024 and 2.38 million units in 2025.
(ANFAVEA release on April 8, 2024) (Fenabrave press release on April 3, 2024)(Scotiabank release on March 7, 2024)
On April 3, the Brazilian dealer association Federacao Nacional da Distribuicao de Veiculos Automotores (Fenabrave) announced combined sales of 187,729 new passenger cars, light commercial vehicles, trucks, and buses in March 2024, a decrease of 5.6% compared to March 2023 and increase of 13.6% from February 2024.
Vehicle sales in March 2024 consisted of 137,889 passenger cars; 38,093 commercial vehicles; 9,701 trucks; and 2,046 buses.
Among passenger vehicle sales manufacturers in March, VW sold 25,907 units (18.8% share), Fiat sold 20,252 units (14.7%), GM sold 17,483 units (12.7%), Toyota sold 11,355 units (8.2%), Hyundai sold 10,903 units (7.9%), Jeep sold 8,903 units (6.5%), and Renault sold 7,355 units (5.3%).
Among light commercial vehicle sales in March, Fiat sold 16,084 vehicles (42.2% share), VW sold 4,872 vehicles (12.8%), GM sold 3,973 units (10.4%), Toyota sold 3,499 units (9.2%), Ram sold 2,580 vehicles (6.8%), Renault sold 2,031 vehicles (5.3%), and Ford sold 1,945 vehicles (5.1%).
The VW Polo was the best-selling passenger vehicle in March with 11,943 sales, followed by the Chevrolet Onix with 7,753 sales, Fiat Argo with 6,850 sales, VW T Cross with 5,462 sales, Hyundai HB20 with 5,288 sales, Nissan Kicks with 5,034 sales, and Chevrolet Tracker with 4,711 sales.
The Fiat Strada was the best-selling commercial vehicle in March with 9,990 sales, followed by the VW Saveiro with 4,607 sales, Fiat Toro with 3,957 sales, Toyota Hilux with 3,498 sales, GM Montana with 2,165 sales, Ram Rampage with 2,133 sales, and Chevrolet S10 with 1,740 sales.
Cumulative sales for the three months of the year were up 9.1% y/y to 514,517 units.
On March 7, Scotiabank maintained its previous February forecast, estimating full-year Brazilian sales of 2.27 million units in 2024 and 2.38 million units in 2025.
(Fenabrave press release on April 3, 2024)(Scotiabank release on March 7, 2024)