New vehicle registrations in Brazil grew 9.1 percent month-over-month to 244 thousand units in July 2019, following a 9.1 percent slump in the previous month. It was the highest figure for a July month since 2014. Car Registrations in Brazil averaged 105.41 Thousand from 1957 until 2019, reaching an all time high of 420 Thousand in August of 2012 and a record low of 2 Thousand in February of 1957.
Car Registrations in Brazil is expected to be 218.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Car Registrations in Brazil to stand at 230.00 in 12 months time. In the long-term, the Brazil New Vehicle Registrations is projected to trend around 250.00 Thousand in 2020, according to our econometric models.