2023-10-25 19:40:57
Regarding cars manufactured in Brazil, according to information from Anfavea, car manufacturers in Brazil have an annual production capacity of 4.5 million units.
However, due to low demand for new models, only 2.5 million vehicles are currently produced. However, car sales for the domestic market are around 2 million units, which means that there are around 500 thousand cars “left over”.
Cars manufactured in Brazil exceed demand by 500 thousand units!
According to the director of Jato Informação Automotivas, Milad Kalume, what is left over from vehicle production in Brazil is divided between stock and export. And the countries that import our models most are in Latin America.
Cars manufactured in Brazil – Source/Reproduction: original.
According to Kalume, until September 2023 alone, more than 85 thousand units of cars produced in Brazil were sold in Mexico, 68 thousand in Argentina and more than 18 thousand in Chile until August. To date, there are already more than 323 thousand Brazilian vehicles circulating in other countries.
Among the models that were exported are vehicles that are already familiar to the Brazilian public, such as the Renault Kwid, the Jeep Compass, the Toyota Etios and Corolla, the Volkswagen Saveiro and the Chevrolet Onix.
Argentina is responsible for 34% of Brazil’s passenger car exports!
A curious piece of information is that, even though Mexico imports more cars, it is the most expensive models that are sent to Argentina.
Stork truck traveling – Source/Reproduction: original.
This country is responsible for 34% of Brazil’s passenger car export revenue, followed by Mexico (25%), Colombia (11%), Chile (5.7%) and Uruguay (5.5%). This proximity between countries is the result of free trade agreements between Mercosur countries and also with Mexico.
Brazilian car exports fall by half in 2018!
According to the Ministry of Development, Industry, Commerce and Services, between January and September this year, there were automobile exports totaling 3.3 billion dollars, representing 1.3% of total exports.
Despite being a significant number, it is important to highlight that it is half of what was recorded in 2017, which was the best year for the sector. During that period, 570 thousand units were exported through our ports.
Vehicle exports fall 11.2% from January to September 2023, impacted by the slowdown in the Argentine and Chilean markets
From January to September 2023, there was an 11.2% drop in vehicle exports compared to the same period in the previous year.
According to Anfavea, this decrease can be attributed to the slowdown in the Argentine (-16%) and Chilean (-10%) markets in September. In the year to date, Colombia (-32%) and Chile (-29%) were the markets that showed the most decline.
PAIS tax in Argentina worries major Brazilian car manufacturers!
Large car manufacturers in Brazil are concerned about the creation of a new tax in Argentina. The tax, called PAIS (For an Inclusive and Solidarity Argentina), has a rate of 7.5% for imported products, including cars produced in Brazil.
The implementation of this tax has already had a negative impact on the trade balance between the two countries. As a result, Mexico became the main market for Brazilian automobiles and light commercial vehicles, surpassing Argentina for the first time in the sector’s history.
Financial crisis in the neighboring country could affect car sales in Brazil!
Due to the situation of rising prices and the financial crisis that is plaguing the neighboring country, it is likely that there will be a drop in car sales, which could have negative consequences for the Brazilian automobile industry. After all, exports are relevant to reducing the number of new vehicles parked at dealerships.
From August to September, the number of cars stored in car factories and stores in Brazil grew by 8%, from 244 thousand to 265 thousand. These vehicles are those that are not sold in the country or exported, so they remain in the yards until they are destined for some purpose.
Car stock in Brazil is enough for 40 days of sales, according to Anfavea
According to information from Anfavea, This number of cars stored would be capable of supplying vehicle sales in the country for 40 days. For comparison purposes, in September 2019, the period before the pandemic, there were around 348,000 cars parked in yards.
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