Brazil’s car market moves back toward 3 million sales after 12 years
Registrations could return to their former record level thanks to easier credit and a stronger recovery in demand.
Brazil’s car market is once again approaching the 3 million-vehicle-a-year mark, a milestone not seen in 12 years. The rebound is being supported by easier access to credit and firmer domestic demand.
For the industry, this is an important signal: after years of ups and downs, the South American country is moving back to volumes typical of a major market. It is a recovery that also matters to global manufacturers active in the region.