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).

Production of bus and coach chassis increased by 61.6% to 6,490 units in the first quarter of 2024 compared with 4,105 in the first quarter of the same period in 2023, according to data supplied by ANFAVEA.

Production of trucks and buses of 6t GVW and above in Brazil fell by 37.5% in 2023 to 121,133 units (trucks and buses) compared with 193,765 in the previous year.

All trucks segments recorded a fall in demand, except for semi-light truck segment, which grew by 24.1% totalling 6,638 units in the first nine months compared with 5,348 units in the same period of the previous year.

According to São Paulo-based ANFAVEA, the result reflected the engine change to Euro 6 compliance in January, which made the vehicles 20% to 30% more expensive.

The move to stricter emissions in January this year led to a fall in demand.

Truck sales in the Brazil fell by 8.8% in the first half of 2023, which was due largely to the introduction of new more stringent PROCONVE P8 (Euro 6) emissions legislation that came into effect on January 1, this year.

Introduction of new P8 emissions standards did not impact registrations, due to derrogation and high levels of P7 stock.

Bus and coach and truck exports in Q1 at more than 5,000 unit still significant for Brazil's economy

Introduction of Proconve P8 (Euro 6) emissions legislation on January 1, 2023, hits orders for trucks and buses.