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)