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Brazil Auto Output Up Year on Year as September Sales Firm and Exports Ease

High borrowing costs at 15% are restricting auto credit across the market.

Overview

  • Anfavea reported September production of 243,400 vehicles, up 5.8% from a year earlier but down 1.5% from August, with year‑to‑date output rising 6.0% to 1.986 million units.
  • Domestic registrations reached 243,200 in September, increasing 7.9% from August and 2.9% year on year.
  • Exports totaled about 52,500 vehicles in September, falling 8% from August but rising 26.2% from a year earlier, taking year‑to‑date shipments to 430,800 (+51.6%); export revenue hit $1.2 billion for the month.
  • Third‑quarter production slipped 0.8% from the prior quarter, driven by weaker truck output, while light vehicles and light commercials posted gains.
  • Industry leaders flagged a 10.8% year‑to‑date rise in imports and a sharp pickup in electrified vehicle registrations, while the end of the BrazilColombia accord and the 15% Selic were cited as headwinds.