Automotive Industry in Brazil - Statistics & Facts

Brazil, the “B“ in the BRIC acronym, showed consistent economic growth between 2011 and 2013. Brazil’s gross domestic product per capita exceeded the significant 10,000 U.S. dollar benchmark in 2010, but fell to around 8,700 in 2016. Most parts of Latin America have entered a recession, and it is projected that Brazil's per capita gross domestic product will stay below 12,000 U.S. dollars until at least 2021.

In light of Brazil’s increasing affluence, automakers began to focus on this growing market in recent years. In terms of market share, Brazil’s automotive market is dominated by Fiat Chrysler Automobiles, General Motors and Volkswagen. Market protection in the form of tariffs and quotas on imports has prompted companies to open or expand automotive production facilities within Brazil, which helped stimulate the local economy. Some of the most recent protections went into effect in 2012, including putting a quota on imports from Mexico. Brazil produced about 2.3 million passenger cars in 2017, a slight resurgence for a market that has declined significantly over the previous few years.

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Automotive industry in Brazil - Important statistics

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