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Anfavea has a new forecast for the year

The internal market should increase over expected, and production to remain stable

By Alzira Rodrigues | 10/6/23 | Translated by Jorge Meditsch

Based on the first nine months sector’s results, Anfavea modified its yearly projections, improving the expectations about internal sales and reducing the export and production forecast.

Due to the negative foreign sales impact, it is expected now a production growth of only 0.1% (2.2% at the beginning of the year) to nearly 2.73 million vehicles.

A 2.9% fall was expected for exports, but the estimate now is much higher, 12.7%. Anfavea’s president, Márcio de Lima Leite, said the delivery growth is the best news for the sector this year.

“There was a fear that the market could retract after the end of the federal government-sponsored discounts, but daily sales have been growing consistently in the last two months”, said the executive.

The manufacturers’ association expected a 3% sales growth but revised the forecast to 6%. “We should reach 2.23 million units in the year, including cars, light commercial vehicles, trucks and buses. The light vehicle segment growth prevision was changed from 4.1% to 7.2%”, informed Leite.

The new forecast is almost the same as Fenabrave’s announced at the beginning of the week, 7.3%.

Anfavea maintained the expectation of an 11.1% fall in heavy vehicle sales due to the cost of the new technologies to meet Proconve’s P8 regulations. “Buses are performing over the expected”, said Leite.

Due to the exports decline, automobile and light commercial vehicle production growth expectations went from 4.2% to 3.2%. Truck and bus production reduction should reach 34.2% versus 20.4% expected at the beginning of the year.

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Alzira Rodrigues

Jornalista formada pela Universidade Metodista de São Paulo, iniciou a cobertura do setor automotivo em 1981 na Sucursal do ABC de O Estado de S. Paulo. Manteve-se na área desde então, passando por outros jornais e também revistas e sites.

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