automotive sector rises, but still below 2019

The number of vehicles produced within Brazil has increased for the first time in three years. However, it is still below the numbers achieved in 2019 prior to the Covid-19 pandemic.

The automotive sector is one of the most important markets for the Brazilian fastener sector, involving the manufacture of cars, buses and trucks, as well as motorcycles.

Over the last twelve months the number of passenger and commercial vehicles produced locally increased by 5.4% to 2,369,800 units compared to 2021, which totalled 2,248,300 units. However, the 2022 production still represents only 75% of the total that was produced in 2019 (2,944,900).

Brazilian motorcycle production continued to show positive results with 2022 production totalling 1,413,200 units, which is a 18.2% increase on the 1,195,100 units produced in 2021. Since 2019 the local motorcycle production has continued to increase, except in 2020 where there was a slight dip but mainly due to the Covid-19 pandemic.