Industry Trend Analysis - Business Investment And Construction Work To Drive CV Sales - JAN 2018
BMI View : Sales of new commercial vehicles in Brazil will grow 13.7% in 2018 supported by raising capital expenditure by businesses and the commencement of work on previously suspended construction projects.
In 2018, we forecast growth of 13.7% in new commercial vehicle (CV) sales in Brazil, reaching a total of 442,379 units by year end. Breaking this down, we expect to see an 11.0% rise in light commercial vehicle (LCV) sales and a 22.2% rise heavy truck sales. Over 2018-2021 forecast period, CV sales growth will average 12.5% annual growth, with LCVs averaging 10.4% and heavy trucks averaging 22.5%.
Re-Ignition of Business Investment A Benefit For Commercial Vehicles
|CV Sales On The Road To Recovery|
|Brazil - Commercial Vehicle Sales, Units|
|f = BMI forecast. Source: National Association of Motor Vehicle Manufacturers (Anfavea), BMI|