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11 Jan
11:17

Brazil’s 2023 automotive production slips, outlook positive

Brazil's automotive sector decreased production and exports in 2023, Kallanish notes. According to local automotive association Associação Nacional dos Fabricantes de Veículos Automotores (Anfavea), the sector is expected to improve its main indicators this year. According to Anfavea, 2024 production is expected to reach 2.47 million units, up 6.2% year-on-year. Domestic sales should rise 6.1% y-o-y to 2.45m vehicles, while exports ar…
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