Brazil’s 2016 worse than expected, hopes for some growth in 2017

Stay connected Subscribe to our RSS feed

The difficult 2016 was the Brazil vehicle market's fourth downturn year in a row. With hindsight, it is easy to conclude there was excess optimism, exaggerated interventionism and poor assessment of the future. The Inovar-Auto programmes back in 2012 forecast sales of 4.5m light and heavy units by 2016/2017 - the tally last year was 2.05m, down over 20% on 2015.