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January 6, 2023
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Vehicle production increases 5.4% in 2022, says Anfavea

Vehicle production increases 5.4% in 2022, says Anfavea

Vehicle production grew 5.4% in 2022, reaching 2.37 million units, compared to 2.24 million produced in the same period of 2021. According to figures released today (6) by the National Association of Vehicle Manufacturers Automotores (Anfavea), in December production was 191.5 thousand vehicles, recording a drop of 9.2% compared to the same month of 2021 and 11.3% compared to November.Vehicle production increases 5.4% in 2022, says Anfavea

Sales of new vehicles fell by 0.7% in the accumulated of 2022, with 2.10 million units licensed against 2.11 million in the same period of the previous year. In December, units sold reached 216.9 thousand, which represents an increase of 4.8% compared to December 2021 and 6.3% compared to November.

Exports increased by 27.8% from January to December 2022, with 480.9 thousand units sold in the foreign market. In the same period last year, this number was 376.4 thousand. In December, exports reached 31.2 thousand units, which compared to December of the previous year fell by 24.9%. Compared to November 2022, there was a drop of 28.1%, according to Anfavea’s monthly balance sheet.

Job

The number of people employed in the vehicle industry in December was 102,444, which means an increase of 1.4% compared to December 2021 when the number of jobs was 101,050. In comparison with November, when there were 104,523 people employed in the sector, the number of jobs fell by 2%.

Credit

For the president of Anfavea, Márcio de Lima Leite, Brazil needs attention in terms of credit for the sector to evolve. “It is the most urgent issue to be tackled. We need lower interest rates to attract more buyers to new vehicles, especially entry-level models. In addition, topics such as reindustrialization and decarbonization pose challenges and opportunities for us,” he said.

According to him, the sector will continue to maintain dialogue with the new government officials at the federal and state level, in addition to parliamentarians, to contribute to the strengthening of the automobile industry in the face of the increasingly competitive global situation.

Projections

For the year 2023, Anfavea foresees the production of 2.42 million vehicle units, which represents an increase of 2.2%. Sales should reach 2.17 million units, with an increase of 3% compared to 2022. Exports should reach 467 thousand units, which would result in a drop of 2.9%, compared to previous numbers.

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