Car production in Brazil increased 3.1 percent month-over-month to 275.7 thousand units in May, following a 11.1 percent jump in the previous month. Meantime, new car registrations rose 5.8 percent to 245.4 thousand vehicles. Year-on-year, auto production jumped 29.9 percent while new car registrations advanced 21.6 percent. Car Production in Brazil averaged 110392.98 Units from 1957 until 2019, reaching an all time high of 352531 Units in April of 2013 and a record low of 2144 Units in February of 1957.
Car Production in Brazil is expected to be 268000.00 Units by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Car Production in Brazil to stand at 260000.00 in 12 months time. In the long-term, the Brazil Car Production is projected to trend around 270000.00 Units in 2020, according to our econometric models.