Imports in 2024 should total 463,000 vehicles compared to exports of 403,000 units.Brazil's auto production is expected to rise 6.8% in 2025 from this year, totalling 2.75 million units, estimates released by automakers association Anfavea showed on Thursday.
Auto sales in Latin America's largest economy, the group added, are set to grow 5.6% next year to 2.8 million units. The association expects a 6.2% increase in exports in 2025, totaling 428,000 vehicles.
In 2024, the Brazilian automotive sector is estimated to register its best performance since 2017, ending the year with 2.65 million vehicle sales, according to Anfavea.
However, the industry should end this year with an unprecedented negative mark, given that for the first time vehicle imports should exceed exports, Anfavea President Marcio de Lima Leite told reporters.
Imports in 2024 should total 463,000 vehicles compared to exports of 403,000 units.
Leite added that the recent free-trade deal between the European Union and South America's Mercosur bloc would not have a short-term impact on the Brazilian automotive sector.
"The impact will be from the seventh year onwards," he said.
