Home Auto Industry Brazil’s automotive industry optimist again: 2.7 million vehicles in 2017

Brazil’s automotive industry optimist again: 2.7 million vehicles in 2017

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In the first eleven months of 2017, vehicle production in Brazil reached 2.48 million units, representing a growth of 27.1 percent over the same period of 2016.

The Brazilian Automobile Industry Association (Anfavea) estimates that production for the year as a whole will reach 2.7 million units, with an increase of  per cent on the 2.2 million produced in 2016.

In November 2017, 249 thousand units were produced, representing a 15.2% increase compared to November 2016, a result that in part must be attributed to the good performance of exports.

Despite the beginning of the recovery, the Brazilian auto industry still operates well below its capacity. In total, according to Anfavea, idleness is around 45%. In the case of the truck and bus industry, idle capacity is between 75% and 76%. “Idleness begins to decline, but it is still high,” said Anfavea.