Tuesday, 02 January 2024 12:17 GMT

Brazil's Auto Market Revs Up In September-Motorcycles Lead, Trucks Trail


(MENAFN- The Rio Times) Brazil's vehicle market picked up speed in September. New registrations reached 243,200 units, up 7.96% from August and 2.94% from a year earlier, based on licensing records compiled by the national dealers' federation.

From January through September, the market totaled 1.9 million registrations, a 2.79% increase year to date. What sold, and what didn't: Passenger cars and light commercial vehicles-the backbone of the market-registered 231,300 units in September, rising 7.88% month on month and 3.88% year on year.

Heavy vehicles were mixed. Truck licenses fell to 9,500, down 14.09% from a year earlier, though they improved 8.79% versus August. Buses slipped 5.47% year on year to 2,300 units but climbed 12.81% from August and remain up 8.19% in the year to date.

Outside the“vehicle” tally, motorcycles were the standout: 205,800 in September, up 11% month on month and 31.4% year on year, with 1.6 million sold so far this year, a 14.43% increase.

The story behind the story: The surge in cars and light commercials suggests households and small businesses are still buying despite high borrowing costs.



Motorcycles tell a broader social and economic tale-cheaper to buy and run, and essential tools for delivery work and urban commuting, they expand fastest when families seek mobility on tighter budgets and when app-based services grow.

Trucks, by contrast, mirror the pulse of investment and freight. Their slump signals cautious logistics demand and delayed capital spending, even if September showed a modest month-on-month rebound.

Buses move in procurement waves; their steadier year-to-date gains reflect fleet renewal and municipal purchases that don't always align with the broader cycle.

Why this matters-at home and abroad: Brazil is one of the world's larger auto and motorcycle markets. Strong light-vehicle and two-wheeler sales support factory output, dealership jobs, and state tax receipts, while weak trucks hint at a softer outlook for construction and freight.

If heavy-vehicle orders recover, it would point to improving confidence in logistics and infrastructure; if not, 2025's momentum will rest on consumers and the delivery economy.

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