Lewes, DE -- (ReleaseWire) -- 05/08/2014 -- Total vehicle sales declined 0.9% in 2013, chiefly on the back of weakness in the country's passenger car market. Sales in this segment spiked in Q312 on the back of the introduction of government tax incentives, creating high base effects for 2013 and dragging down the year-to-date growth rate. Furthermore, the broader slowdown in consumer spending in Brazil impacted the passenger car segment, and we did not see a pick-up in the growth rate in Q4, despite lower base effects. The forecasts a 1.7% drop in vehicle sales in 2014, as we expect the passenger car and commercial vehicle segments to remain weak over the coming year. Publisher has become increasingly bearish on the country's domestic sales and export outlook, and believe this will weigh on output in 2014. Indeed, we forecast a 3.3% drop in total vehicle output over the coming year, a reversal from the 9.9% output growth seen in 2013. The majority of production in Brazil is for the domestic market. We expect exports to play an increasingly important role in output growth, but volumes are likely to remain relatively small, so they will not be the primary driver of production.
Spanning Over 64 pages, “Brazil Autos Report Q3 2014” report covering the SWOT Analysis, Industry Forecast, Macroeconomic Forecasts, Company Profile, Methodology.
Browse this report: http://www.marketresearchreports.com/business-monitor-international/brazil-autos-report-q3-2014
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