Iveco’s South American head optimistic of recovery to normal volumes in Brazil within two to three years
By Jim Gibbins - 1st January 2021
Brazil - Márcio Querichelli, head of Iveco Latin America Ltda of Sete Lagoas, Minas Gerais State, and responsible for South American markets, says the company is forecasting a recovery of truck sales to pre-pandemic volumes in Brazil in two to three years’ time in 2023.
Querichelli speaking in late October suggested the Brazilian truck market (3.5t gvw and above would finish in 2020 at some 97,000 registrations, some 25,000 units lower than the 122,000 units registered in 2019. He also announced Iveco’s projection for the truck industry production for 2020 would finish at around 95,000, again considerably lower than the volume registered last year, when the sector produced141,000 units. Exports too, Querichelli said, was expected to be around 14,000 units, some 10,000 fewer than the 24,000 exported in 2019.
