Brazilian vehicle sales down 7.6% in February, production up 39.0%
On March 7 the Associacao Nacional dos Fabricantes de Veiculos Automotores (ANFAVEA) announced that Brazilian new vehicle sales (including trucks and buses) in February fell 7.6% year-over-year (y/y) to 135,665 units.
Among by maker sales of passenger vehicles, General Motors saw an increase of 2.7% to 20,587 units. Fiat Chrysler’s sales fell 9.7% to 16,883 units. VW’s sales decreased 14.2% to 13,688 units. For light commercial vehicles, FCA’s sales rose 13.4% to 7,840 units, VW’s sales decreased 8.3% to 3,555 units. Toyota's sales increased 6.2% to 2,813 units.
The Federacao Nacional da Distribuicao de Veiculos Automotores announced passenger vehicle sales rankings by model for the month. The GM Onix took the top spot with sales of 11,980 units. The Hyundai HB20 was number 2 with 6,521 units, followed by the Ford KA with 5,765 units. For LCVs, the Fiat Toro took the top spot with sales of 3,582 units, followed by the Fiat Strada with 3,289 units, and the VW Saveiro was number 3 with 2,992 units.
In ANFAVEA’s sales report by fuel type, sales of flexible-fuel vehicles fell 6.3% y/y to 117,500 units (market share of 88.6%), diesel vehicles rose 4.8% to 10,633 units (market share of 8.0%), gasoline vehicles declined 34.6% to 4,337 units (market share of 3.3%), and hybrid and electric vehicles jumped 145.3% to 157 units.
As for February production figures (excluding CKD production), units produced increased 39.0% to 200,385 units. Exports in February increased 82.2% to 66,268 units.
ANFAVEA forecasts that March should be better for the most number of business days, but it expects no significant recovery.? ANFAVEA estimates.a recovery of the automotive sector will only happen in the next quarter.