Growth In Brazilian Autos Market To Sustain In 2024 As BCB's Easing Cycle Improves Car Affordability
Autos / Brazil / Tue 30 Jan, 2024
Key View
- Growth in Brazil's auto market is set to continue in 2024, driven by declining inflation and easing interest rates, which will enhance consumer purchasing power and vehicle affordability.
- Commercial vehicle (CV) sales are expected to increase in 2024, as significant infrastructure projects under Brazil's 'Novo PAC' will sustain high