New vehicle registrations in Brazil rose 1.6 percent month-over-month to 235 thousand units in December 2018, after declining 9.3 percent in the previous month. Output increased for light vehicles (1.6 percent to 225 thousand) and buses (0.5 percent to 1.47 thousand) but decreased for trucks (-0.6 percent to 7.64 thousand). On the other hand, exports of vehicles fell 7.9 percent to around 31.7 thousand units, the fourth decline in a row, largely attributable to Brazilian automakers’ dependence on Argentina. Year-on-year, new vehicle registrations grew 10.3 percent while car exports tumbled 48.1 percent. Considering 2018 as a whole, new auto sales increased 14.6 percent to 2566 thousand units. Car Registrations in Brazil averaged 104.32 Thousand from 1957 until 2018, 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 215.00 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 220.00 in 12 months time. In the long-term, the Brazil New Vehicle Registrations is projected to trend around 240.00 Thousand in 2020, according to our econometric models.