The total is 14.1 million and Brazil returns to eighth place among the major car producers, but Anfavea complains about imports
Anfavea (National Association of Automobile Manufacturers) carried out on Tuesday morning the 14th its annual assessment of the automotive sector in 2024. The body representing traditional automotive manufacturers reported that Brazil has broken a historic record in the sale of new and used vehicles : 14.1 million units.
Of this total, 11.7 million were brand new vehicles, accounting for 82% of registrations. There were 2.5 million used vehicles, equal to 18% of the market. Sales in installments, however, according to Anfavea, represent only 44.1% (compared to 58.8% in 2015) due to high interest rates.
Summary of licenses in 2024
- Total vehicles – 2,168,399 / +10.8%
- Light vehicles – 2,028,163 / +10.5%
- Tourist cars – 1,628,307 / +9.5%
- Light commercials – 399,856 / +14.7%
- Trucks – 117,834 / +17.7%
- Bus – 22,402 / +9.7%
As happened last year, the president of Anfavea, Márcio Lima Leite, said that the main objective for 2025 will be to increase exports and reduce imports. He again called for the 35% tax for imported electric and hybrid cars to be brought forward.
“Brazil needs to export more and this is Anfavea’s zero priority,” said Lima Leite. “We are losing share in countries that are not key to Brazil and in markets that have grown. Furthermore, we have excess imports.”
Where do the imports come from?
According to the president of Anfavea, in 2024 Brazil spent R$30 billion on vehicle imports and granted a tax exemption of R$6 billion on sales. 224,757 cars came from Argentina (+2%), but the neighboring country’s share fell from 62% to 48%.
The country that grew the most was China, from which 120,354 vehicles came (187%), with a share of 26%. The volume of cars sent to Brazil from Mexico also increased: 44,507 units (+43%) with a share of 10%.
Followed by Germany with 25,417 vehicles (+14%) and a share of 5%, Uruguay with 17,784 units (+49%) and a share of 4% and Thailand with 7,463 vehicles (+193%) and a share of 2%. Other countries also sent 26,233 cars to Brazil (+18%) with a share of 6%.
Another important fact highlighted by Anfavea is that Brazil remained in sixth place among the major automotive markets in the world and regained eighth place among the major producers. Furthermore, it was the one with the highest growth (+14.1%), while the world grew much less (+2%).
What soured Lima Leite’s mood, once again, was the issue of imports. He said Brazil had the highest level of vehicle imports in the last 10 years and this, combined with declining exports, had made the sector’s trade balance negative.
Source: Terra
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