Data released by Anfavea about July Sales and Production show only 29% of the trucks sold in 2023, and produced during the year, met the PROCONVE P8 / Euro VI emissions regulation.
From January to July 2023, 53,900 trucks were produced, 36.2% below the 84,500 units produced in same period last year. This amount is also lower than that produced in the same period in 2021, when 89,500 trucks were produced on the Brazilian OEM assembly lines.
Truck production is still at a slow pace as the market continues to generate low demand for the new PROCONVE P8 technology.
In July, the 8,400 units sold, were 27.6% less than the 11,600 units sold during the same period last year. Compared to June, however, when registrations totaled 7,900 units, there was a growth of 6.2%.
Year-to-date, the 60,900 trucks registered were 11.9% below the same period in 2022, which registered 69,200. The total also fell short of the first seven months of 2021, with 70,700 units, surpassing only the same period of 2020, which totaled 47,400 units.
Source: Autodata / ANFAVEA Read The Article
PSR Analysis: The sales results are within what had been projected by ANFAVEA and there is expectation of a recovery in demand in the second half of 2023 with a reduction in Interest rates, progress on the fleet renewal regulation and economic cycle improvement. The production numbers are in line with our production forecast, with consumption of high inventory built at the end of 2022 and lower production and sales in first half of 2023 because of instability with government change and higher Trucks. PSR
Fabio Ferraresi is Director Business Development South America for Power Systems Research
