The Associacao Nacional dos Fabricantes de Veiculos Automores (ANFAVEA) announced that Brazilian vehicle sales (including trucks and buses) in October 2023 of 217,848 units represented an increase of 20.4% from October 2022.
Vehicle sales in October consisted of 163,198 passenger cars; 43,621 light commercial vehicles; 9,447 trucks; and 1,582 buses.
Among passenger vehicle manufacturers, FCA sold 35,511 units (21.8% share), VW sold 27,937 units (17.1%), GM sold 27,317 units (16.7%), Hyundai sold 16,217 units (9.9%) and Toyota sold 13,747 units (8.4%). Among light commercial vehicle manufacturers, FCA sold 21,204 units (48.6% share), GM sold 4,969 units (11.4%), VW sold 4,956 units (11.4%), Toyota sold 4,028 units (9.2%), Ford sold 3,017 units (6.9%).
The VW Polo was the best-selling passenger vehicle in October with 11,123 sales, followed by the Chevrolet Onix with 10,657 sales, Fiat Mobi with 8,037 sales, Hyundai HB20 with 7,421 sales, Chevrolet Onix Plus sedan with 7,114 sales, VW T-Cross with 6,724 sales, and Chevrolet Tracker with 6,669 sales.
The Fiat Strada was the best-selling LCV in October with 11,874 sales, followed by the VW Saveiro with 4,214 sales, Fiat Toro with 4,087 sales, Toyota Hilux with 4,026 sales, Chevrolet Montana with 2,924 sales, Ford Ranger with 2,591 sales, and Ram Rampage with 2,542 sales.
In ANFAVEA's sales report by fuel type, sales of flexible fuel vehicles were up 18.9% y/y to 170,742 units (82.6% share), diesel vehicles were up 15.5% to 20,052 units (9.7%), gasoline vehicles increased 97.0% to 6,473 units (3.1%), hybrid vehicles increased 88.0% to 7,182 units (3.5%) and electric vehicles increased 273.8% to 2,370 units (1.1%).
As of November 8, Scotiabank anticipates that full-year Brazilian sales will be 2.15 million units in 2023 and 2.27 million units in 2024, respectively.
(ANFAVEA releases on November 8, 2023) 1 / 2 (Fenabrave press release on November 1, 2023) (Scotiabank release on November 8, 2023)
