In 2024, three of four main truck market segments increased to register a total of 124,933 trucks sold, a 15.65% increase over the 108,024 trucks sold in 2023, according to statistics provided by Anfavea.

Eduardo Freitas, vice president of Anfavea, said: “We had a special year in 2024 for bus and coach chassis production, with the 34.7% increase was driven by the urban segment, which grew 41.3%, and the intercity segment, which grew by 5.4%.”

The data by ANFAVEA shows truck production up by 40.5% in 2024, and that bus and coach chassis output rose by 34.7% when compared with 20,598 units in 2023.

For the period January to September 2024, Brazilian bus production grew by 38% to 21,197 units.

According to the Anfavea, a total of 102,611 units rolled off the assembly lines, a significant rise from the 71,765 units produced in 2023.

Production of bus chassis in Brazil surged by 53.8% in the first half of the year reaching 14,668 units compared with 9,539 units in the same period last year.

Truck output across Brazil totalled 64,391 units in the first half of the year, an increase of 36.5% compared with 47,173 units the same period in 2023. Bus and coach chassis output increased 53.8%

Truck sales in Brazil from January to June totalled 56,767 units, an increase of 8% over the first half of last year, when 52,547 units were registered.

Domestic sales of bus and coach chassis during January to June of 2024 fell by 21.7%  to 8,860 units, down from 11,322 in the same period of the previous year.

Year-to-date, truck sales have increased by 4.8%, with a total of 46,785 units sold compared to 44,663 units sold from January to May 2023.

From January to May, 12,029 bus chassis were produced, a significant increase from the 7,590 units produced in the same period last year.

In the period January to March 2024, truck production reached 29,327 units, an increase of 19.7% over the 24,497 vehicles manufactured in the same period in 2023 according to the National Association of Motor Vehicle Manufacturers (ANFAVEA).